Basic Concepts (Grade 10 NSC Matric Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is economics primarily the study of?
What is economics primarily the study of?
Decisions using scarce resources
What is economics essentially about?
What is economics essentially about?
Making choices
What is the fundamental economic problem?
What is the fundamental economic problem?
Scarcity of resources
What is SA govt's consolidated expenditure for 2025/26?
What is SA govt's consolidated expenditure for 2025/26?
Around R2.6 trillion
Which is NOT one of the three fundamental economic questions?
Which is NOT one of the three fundamental economic questions?
When should it be produced?
What does microeconomics focus on?
What does microeconomics focus on?
Individual decision-making
Which topic does macroeconomics study?
Which topic does macroeconomics study?
Unemployment levels nationwide
What does labour economics study?
What does labour economics study?
Employment, wages & job market
What is the deductive approach in economics?
What is the deductive approach in economics?
Start with theory, test vs facts
How do economic 'laws' differ from scientific laws?
How do economic 'laws' differ from scientific laws?
They're general behavioral statements