Find more information about: ISBN: 331X OCLC Number: 780158401 Notes: 'CAPS'-Cover. Description: 268 pages: illustrations; 24 cm Contents: Economics: basic concepts - The circular flow and quantitative elements - Business cycles - Dynamics of markets - Production possibility curves - The public sector - Growth, developments and globalisation - South African economic growth and development - The history of money and banking in South Africa - Population and labour force - Unemployment - Labour relations - Economic redress. Other Titles: Economics. Responsibility: Mike Levin, Jason Bantjes.
Choose the correct term in brackets. Write only the term next to the question number (1.1–1.4) in your answer book. 1.1 (Micro-economic s/Macro-eco nomics) examines economy-wide phenomena such as unemployment, national income, economic growth and inflation. (2) 1.2 The theory of price determination is an example of a topic study in (micro- economics/macro-economics). (2) 1.3 To say, “income tax in South Africa is an unfair system of taxatio n”, is an example of a (normative/positi ve) statement. (2) 1.4 To say, “interest rates in South Africa are below 10%”, is an example of a (normative/positi ve) statement.