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Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wck domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/forge/wikicram.com/wp-includes/functions.php on line 6121 QUESTION 2 40 Marks 2.1.1 Name TWO different stakehold… | Wiki CramSkip to main navigationSkip to main contentSkip to footer
QUESTION 2 40 Marks 2.1.1 Name TWO different stakehold…
QUESTION 2 40 Marks 2.1.1 Name TWO different stakeholders of a business. (2) 2.1.2 How does economic growth relate to economic development? (2) 2.2 Study the picture and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE PICTURE IN A NEW TAB: 2.2.1 Calculate the relative price of shoes in terms of hamburgers. (2) 2.2.2 What is the opportunity cost of buying shoes? (2) 2.2.3 Calculate the real price of shoes if the nominal price of shoes doubles to R2080, but the nominal price of hamburgers remains the same. (2) 2.2.4 Discuss two functions of prices. (4) 2.3 Study the graph and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE GRAPH IN A NEW TAB: 2.3.1 Identify the name for curve A. (1) 2.3.2 Identify the name for curves B and C. (1) 2.3.3 Interpret what curves B and C indicate separately. (4) 2.3.4 Is it better for a country to have a Gini coefficient of 0,3 or 0,9 and what is South Africa’s Gini coefficient? (2) 2.3.5 Name two reasons for inequality in possession of wealth. (2) 2.4 With the aid of graphs, explain how changes in the product market would affect the factor market. (8) 2.5 With the aid of graphs, explain the effect of price changes on revenue for producers with elastic demand and for producers with inelastic demand. (8)
QUESTION 2 40 Marks 2.1.1 Name TWO different stakehold…
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QUESTION 2 40 Mаrks 2.1.1 Nаme TWO different stаkehоlders оf a business. (2) 2.1.2 Hоw does economic growth relate to economic development? (2) [4] 2.2 Study the picture and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE PICTURE IN A NEW TAB: 2.2.1 Calculate the relative price of shoes in terms of hamburgers. (2) 2.2.2 What is the opportunity cost of buying shoes? (2) 2.2.3 Calculate the real price of shoes if the nominal price of shoes doubles to R2080, but the nominal price of hamburgers remains the same. (2) 2.2.4 Discuss two functions of prices. (4) [10] 2.3 Study the graph and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE GRAPH IN A NEW TAB: 2.3.1 Identify the name for curve A. (1) 2.3.2 Identify the name for curves B and C. (1) 2.3.3 Interpret what curves B and C indicate separately. (4) 2.3.4 Is it better for a country to have a Gini coefficient of 0,3 or 0,9 and what is South Africa’s Gini coefficient? (2) 2.3.5 Name two reasons for inequality in possession of wealth. (2) [10] 2.4 With the aid of graphs, explain how changes in the product market would affect the factor market. (8) 2.5 With the aid of graphs, explain the effect of price changes on revenue for producers with elastic demand and for producers with inelastic demand. (8) [40]
QUESTION 2 40 Mаrks 2.1.1 Nаme TWO different stаkehоlders оf a business. (2) 2.1.2 Hоw does economic growth relate to economic development? (2) [4] 2.2 Study the picture and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE PICTURE IN A NEW TAB: 2.2.1 Calculate the relative price of shoes in terms of hamburgers. (2) 2.2.2 What is the opportunity cost of buying shoes? (2) 2.2.3 Calculate the real price of shoes if the nominal price of shoes doubles to R2080, but the nominal price of hamburgers remains the same. (2) 2.2.4 Discuss two functions of prices. (4) [10] 2.3 Study the graph and answer the questions that follow: RIGHT CLICK ON THE BUTTON TO OPEN THE GRAPH IN A NEW TAB: 2.3.1 Identify the name for curve A. (1) 2.3.2 Identify the name for curves B and C. (1) 2.3.3 Interpret what curves B and C indicate separately. (4) 2.3.4 Is it better for a country to have a Gini coefficient of 0,3 or 0,9 and what is South Africa’s Gini coefficient? (2) 2.3.5 Name two reasons for inequality in possession of wealth. (2) [10] 2.4 With the aid of graphs, explain how changes in the product market would affect the factor market. (8) 2.5 With the aid of graphs, explain the effect of price changes on revenue for producers with elastic demand and for producers with inelastic demand. (8) [40]