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Economics / Ekonomie - 114

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The graph below indicates three technologies that could be used to produce the same amount of output. / Die onderstaande grafiek toon drie tipes tegnologie wat gebruik kan word om dieselfde hoeveelheid uitset te produseer.

 

 

 

 

 

 

 

 

Which of the following statements is INCORRECT? / Watter van die volgende stellings is NIE KORREK NIE?

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Select the option that provides the most accurate description of a relative price: / Kies die opsie wat die mees korrekte beskrywing van ‘n relatiewe prys gee:

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Consider the figure below which represents different technologies (combinations of workers and sewing machines) needed to produce 5 000 shirts for Sheppies shirts. / Beskou die onderstaande figuur wat verskillende tegnologieë voorstel (kombinasies van werkers en naaimasjiene) wat nodig is om 5 000 hemde vir Sheppies-hemde te produseer.

Which one of the following statements is CORRECT? / Watter een van die volgende stellings is KORREK?

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In the Malthusian model, equilibrium is obtained because / In die Malthusian model word ewewig bereik, want

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In the Malthusian model, technological advances can / In die Malthusiaanse model kan tegnologiese vooruitgang

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Which ONE of the following statements regarding Malthusian theory is INCORRECT?/ Watter EEN van die volgende stellings rakende Malthus se teorie is VERKEERD?

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Consider the following prices of quinoa and millet in different countries: / Oorweeg die volgende pryse van quinoa en mout in verkillende lande:

Country / Land

Price of kg of quinoa / Prys per kg quinoa

Price of kg of millet / Prys per kg mout

Chile / Chili

CH$60

CH$40

Argentina / Argentinië

ARG$500

ARG$700

Peru

S15

S5

Guatemala

Q65

Q70

 

Based on this information, Argentina has the cheapest quinoa, relative to millet. / Gebaseer op hierdie inligting het Argentinië die goedkoopste quinoa relatief tot mout.

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In the Malthusian model, a population decrease results in lower average real wages due to the diminishing average product of labour. / In die Malthusiaanse model kan ’n populasieverlaging lei tot laer gemiddelde reële lone as gevolg van die dalende gemiddelde produk van arbeid.

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The Malthusian model can explain why average real wages in Britain increased rapidly from about 1800 onwards. / Die Malthusiaanse model kan verduidelik waarom gemiddelde reële lone in Brittanje vanaf ongeveer 1800 vinnig toegeneem het.

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If the production function is an upward sloping straight line, there will not be diminishing average product of labour. / Indien die produksiefunksie ‘n opwaarts-hellende reguit lyn is, dan is daar geen afnemende gemiddelde produk van arbeid nie.

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