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Periods of economic instability” are in line with which of the following views of the business cycle?
a) The Structuralist view
b) The Keynesian view
c) The Classical view
d) The Monetarist view
“Periods of economic instability” are in line with which of the following views of the business cycle?
Which of the following will determine the level of autonomous consumption?
The level of economic growth
The level of risk and or uncertainty
The level of the interest rate
Savings and or credit
The economic argument being expressed in this extract is that of __________ and has the consequence of ______________.
Periods of economic instability are in line with which of the following views of the business cycle?
The Structuralist view
The Keynesian view
The Classical view
The Monetarist view
Consider the following productivities in Table 1: TABLE 1: ZAMBIA- MALAWI TRADE PATTERNS
Services Manufacturing
Zambia 2 Units/hr. 6 Units/hr.
Malawi 6 Units/hr. 3 Units/hr.
is conglomeration beneficial in society and economics?
If the government imposes a $20 floor price for this good or service, would a surplus or deficit situation ensue on this market? If yes, what is the dollar value of this surplus or deficit?
“Periods of economic instability” are in line with which of the following views of the business cycle?
a) The Structuralist view
b) The Keynesian view
c) The Classical view
d) The Monetarist view
1.1 Read the following extract and answer question 1.1, 1.2. (4 marks)
Evidence of domination
Both the Competition Commission and Icasa found, in their inquiries, that Vodacom and MTN are dominant across the supply chain. Their dominance is even more entrenched by the spectrum-sharing deals that they have entered into with Cell C, Liquid Intelligent Technologies and Rain. Cell C is wholly reliant on MTN and Vodacom to provide mobile services,
Source: https://techcentral.co.za/mcleod-is-wrong-about-telkom/110373/
Accessed: 19/08/21
The economic argument being expressed in this extract is that of __________ and has the consequence of ______________.
a) Market failure, externalities.
b) Government failure, public goods being under-produced.
c) Market failure, inefficient allocation of resources.
d) Government failure, production possibilities.
