Question

QUESTION 1 (4 Marks) The City of Cape Town Human Settlements team has finished work on a R30 million repair and maintenance programme for Community Residential Units (CRU) in Atlantis. Among other functions the City of Cape Town provides the metropolitan of Western Cape with management of water and sanitation, refuse removal, local public transport and firefighting. The City of Cape Town is therefore classified as; A. Central government B. Public corporation C. Local government D. General government QUESTION 2 (4 Marks) South Africa's largest public sector workers union continued to protest outside various hospitals across the country on Monday. The protest, including union members in health and education, has run into its second week, with heavy law enforcement on display to monitor the rallies. Which of the below departments formulates the South African public sector? A. General government plus public corporations and other government enterprises B. Local government plus public corporations and other government enterprises C. National government plus public corporations and other government enterprises D. Provincial government plus public corporations and other government enterprises QUESTION 3 (4 Marks) "Africa's most industrialised economy is battling surging debt, which the government expected to peak at 75.1% of gross domestic product in the 2023 fiscal year, and its interest bill has been the fastest-growing expenditure line item in the budget since 2011." Source: https://businesstech.co.za/news/government/619857/call-for-south-africa-to-overhaul-its-tax-system-including-a-vat-hike/ Which of the following statements is INCORRECT? A. South Africa has failed to control over public spending B. South Africa is struggling to maintain control over its debt and interest payments C. South Africa has very high debt levels D. Debt will be less than 70% of GPD in 2023 QUESTION 4 (4 Marks) Which of the following factors explains why private markets cannot provide pure public goods? A. Markets do not fail to factor in negative external costs of production B. Private firms lack the technological know-how to provide pure public goods C. Markets fail to clear efficiently at times, thus, government legislation is necessary D. It is impossible to exclude those who are unwilling to pay for using pure public goods QUESTION 5 (4 Marks) Which of the following statements about South Africa's recent economic history is TRUE? A. In the early 1990s, South Africa achieved large budget surpluses every year B. Absolute poverty levels have stayed the same since 1996 C. The size of the national government has shrunk from 2016 to 2022 D. Income inequality has been reduced since 1996 QUESTION 6 (4 Marks) Why do private markets fail to provide the efficient quantity of a public good? A. South Africa has high inequality levels. B. It is possible to stop a person from receiving the benefits of a public good. C. People are NOT willing to state their preferred levels of consumption and the price they would be willing to pay. D. People are willing to state their preferred levels of consumption and the price they would be willing to pay. QUESTION 7 (4 Marks) Which of the following is used to correct externalities? A. printing money B. interest rates C. regulation D. monetary policy

          QUESTION 1
(4 Marks)
The City of Cape Town Human Settlements team has finished work on a R30 million repair and maintenance programme for Community Residential Units (CRU) in Atlantis. Among other functions the City of Cape Town provides the metropolitan of Western Cape with management of water and sanitation, refuse removal, local public transport and firefighting. The City of Cape Town is therefore classified as;
A. Central government
B. Public corporation
C. Local government
D. General government

QUESTION 2
(4 Marks)
South Africa's largest public sector workers union continued to protest outside various hospitals across the country on Monday. The protest, including union members in health and education, has run into its second week, with heavy law enforcement on display to monitor the rallies. Which of the below departments formulates the South African public sector?
A. General government plus public corporations and other government enterprises
B. Local government plus public corporations and other government enterprises
C. National government plus public corporations and other government enterprises
D. Provincial government plus public corporations and other government enterprises

QUESTION 3
(4 Marks)
"Africa's most industrialised economy is battling surging debt, which the government expected to peak at 75.1% of gross domestic product in the 2023 fiscal year, and its interest bill has been the fastest-growing expenditure line item in the budget since 2011."
Source: https://businesstech.co.za/news/government/619857/call-for-south-africa-to-overhaul-its-tax-system-including-a-vat-hike/
Which of the following statements is INCORRECT?
A. South Africa has failed to control over public spending
B. South Africa is struggling to maintain control over its debt and interest payments
C. South Africa has very high debt levels
D. Debt will be less than 70% of GPD in 2023

QUESTION 4
(4 Marks)
Which of the following factors explains why private markets cannot provide pure public goods?
A. Markets do not fail to factor in negative external costs of production
B. Private firms lack the technological know-how to provide pure public goods
C. Markets fail to clear efficiently at times, thus, government legislation is necessary
D. It is impossible to exclude those who are unwilling to pay for using pure public goods

QUESTION 5
(4 Marks)
Which of the following statements about South Africa's recent economic history is TRUE?
A. In the early 1990s, South Africa achieved large budget surpluses every year
B. Absolute poverty levels have stayed the same since 1996
C. The size of the national government has shrunk from 2016 to 2022
D. Income inequality has been reduced since 1996

QUESTION 6
(4 Marks)
Why do private markets fail to provide the efficient quantity of a public good?
A. South Africa has high inequality levels.
B. It is possible to stop a person from receiving the benefits of a public good.
C. People are NOT willing to state their preferred levels of consumption and the price they would be willing to pay.
D. People are willing to state their preferred levels of consumption and the price they would be willing to pay.

QUESTION 7
(4 Marks)
Which of the following is used to correct externalities?
A. printing money
B. interest rates
C. regulation
D. monetary policy

QUESTION 1
(4 Marks)
The City of Cape Town Human Settlements team has finished work on a R30 million repair and maintenance programme for Community Residential Units (CRU) in Atlantis. Among other functions the City of Cape Town provides the metropolitan of Western Cape with management of water and sanitation, refuse removal, local public transport and firefighting. The City of Cape Town is therefore classified as;
A. Central government
B. Public corporation
C. Local government
D. General government

QUESTION 2
(4 Marks)
South Africa's largest public sector workers union continued to protest outside various hospitals across the country on Monday. The protest, including union members in health and education, has run into its second week, with heavy law enforcement on display to monitor the rallies. Which of the below departments formulates the South African public sector?
A. General government plus public corporations and other government enterprises
B. Local government plus public corporations and other government enterprises
C. National government plus public corporations and other government enterprises
D. Provincial government plus public corporations and other government enterprises

QUESTION 3
(4 Marks)
"Africa's most industrialised economy is battling surging debt, which the government expected to peak at 75.1% of gross domestic product in the 2023 fiscal year, and its interest bill has been the fastest-growing expenditure line item in the budget since 2011."
Source: https://businesstech.co.za/news/government/619857/call-for-south-africa-to-overhaul-its-tax-system-including-a-vat-hike/
Which of the following statements is INCORRECT?
A. South Africa has failed to control over public spending
B. South Africa is struggling to maintain control over its debt and interest payments
C. South Africa has very high debt levels
D. Debt will be less than 70% of GPD in 2023

QUESTION 4
(4 Marks)
Which of the following factors explains why private markets cannot provide pure public goods?
A. Markets do not fail to factor in negative external costs of production
B. Private firms lack the technological know-how to provide pure public goods
C. Markets fail to clear efficiently at times, thus, government legislation is necessary
D. It is impossible to exclude those who are unwilling to pay for using pure public goods

QUESTION 5
(4 Marks)
Which of the following statements about South Africa's recent economic history is TRUE?
A. In the early 1990s, South Africa achieved large budget surpluses every year
B. Absolute poverty levels have stayed the same since 1996
C. The size of the national government has shrunk from 2016 to 2022
D. Income inequality has been reduced since 1996

QUESTION 6
(4 Marks)
Why do private markets fail to provide the efficient quantity of a public good?
A. South Africa has high inequality levels.
B. It is possible to stop a person from receiving the benefits of a public good.
C. People are NOT willing to state their preferred levels of consumption and the price they would be willing to pay.
D. People are willing to state their preferred levels of consumption and the price they would be willing to pay.

QUESTION 7
(4 Marks)
Which of the following is used to correct externalities?
A. printing money
B. interest rates
C. regulation
D. monetary policy

Added by Sabelo H.

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