Composition and Necessity (Grade 12 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 does the public sector refer to?
What does the public sector refer to?
Economy parts owned by government
Which organisations are part of national government in South Africa?
Which organisations are part of national government in South Africa?
SABS and CSIR
How many provinces have their own provincial governments in South Africa?
How many provinces have their own provincial governments in South Africa?
Nine provinces
Which service is a local government responsibility?
Which service is a local government responsibility?
Refuse removal services
What does Transnet manage as a public corporation?
What does Transnet manage as a public corporation?
Transport infrastructure
What is a key characteristic of community goods like national defence?
What is a key characteristic of community goods like national defence?
Must be provided completely or not at all
How do collective goods differ from community goods?
How do collective goods differ from community goods?
Fees can prevent free-riders
Why does government provide merit goods like education and healthcare?
Why does government provide merit goods like education and healthcare?
Markets would under-supply them
Why must government regulate environmental resources like oceans and air?
Why must government regulate environmental resources like oceans and air?
Prevent overuse and permanent damage
What anti-competitive behaviour must government limit?
What anti-competitive behaviour must government limit?
Monopolies and cartels fixing prices