NATIONAL SENIOR CERTIFICATE GRADE 12

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Economics 2 DoE/Feb. – March 2010 NSC – Memorandum SECTION A (COMPULSORY) QUESTION 1 1.1 1.1.1 C (non-rival) 1.2 1.2.1 1.1.2 B (IMF) 1.1.3 A (placing a deposit with an American bank) 1.1.4 B (price taker) 1.1.5 C (duopoly) 1.1.6 B (price leader) 1.1.7 C (is an increase in the level of economic welfare) 1.1.8 A (SDI) 1.1.9 C (increases unemployment) 1.1.10 B (increase) 1.1.11 A (undersupplied) 1.1.<strong>12</strong> A (pollution) (<strong>12</strong> x 2) (24) 1.2.2 1.2.3 1.2.4 1.2.5 Leading indicators Cartel Tertiary sector PPI Rural (5 x 2) Copyright reserved Please turn over (10)
Economics 3 DoE/Feb. – March 2010 NSC – Memorandum 1.3 1.3.1 1.3.2 1.3.3 1.3.4 1.3.5 1.3.6 1.3.7 1.3.8 C Stabilising markets using monetary and fiscal policy G Total value of spending inside the borders of a country B Benefits enjoyed by someone other than the firms producing the goods E Large scale production results in lower unit costs H Absence of restrictions on imports and exports I A drastic measure to restrict imports D Research on tourism is done through this office A The main spin-off benefit derived from tourism (8 x 2) Copyright reserved Please turn over (16) TOTAL SECTION A: 50
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Page 5 and 6: Economics 5 DoE/Feb. - March 2010 N
Page 11 and 12: Economics 11 DoE/Feb. - March 2010
Page 13 and 14: Economics 13 DoE/Feb. - March 2010
Page 15 and 16: Economics 15 NSC - Memorandum DoE/F
Page 27: Economics 27 DoE/Feb. - March 2010

NATIONAL SENIOR CERTIFICATE GRADE 12

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