Page 1 of 5

ECONOMIC AND MANAGEMENT SCIENCES

22 February 2024
ASSIGNMENT 1 TERM 1
GRADE 9

INSTRUCTIONS:
 Answer all the questions
 Follow instructions to answer the questions
 Write neatly and legibly
 Use a blue inked ballpoint pen
 Page 2 of 5

ECONOMY
GRADE 9

ECONOMIC SYSTEMS

QUESTION 1

1. Education is provided by government and private institutions in a …

A Mixed economy.
B Market economy.
C Planned economy.
D Traditional economy.

2. South Africa’s economic system is an example of...

A Globalisation
B Planned economy
C Mixed economy
D Market economy

3. All economic activities are driven by profit motive in …

A Mixed economy.
B Traditional economy.
C Planned economy.
D Market economy.

4. The market economy originates from the theories of …

A Adam Smith.
B Karl Marx.
C Friedrich Engels.
D Fidel Castro.

5. The way in which the economies of most of the countries in the world are
interconnected,
making the world virtually one big marketplace, is called...

A Capitalism
B Marxism
C Globalisation
D Communism

5 MARKS
 Page 3 of 5

QUESTION 2

Matching
Economic systems

Column A Column B
1.Economic Systems A) Set rules to determine how the
resources will be allocated

2. China B) A country which have a Centrally

planned economic system

3.South Africa C) A country which follows a Mixed

economic system

4. Centrally planned economic D) An economic system in which

system government make all the decisions
about the production and
consumption of goods and
services.

5. Free market economic system E) An unplanned economy in which

land, property and business are
owned by private people not the
government

6. Globalisation F) The increased integration of

businesses and governments
across the world.
7. The Internet is one of the main G) Globalisation
driving forces behind this
phenomenon

8. Mixed economic systems H) Combine government and private

business enterprises to ensure
economic growth

9. Brain drain I) Highly qualified people in

developing economies move to
developed countries
 Page 4 of 5

10. Dumping J)

10 MARKS

QUESTION 3

GIVE THE TERM FOR THE FOLLOWING:

1. The way in which a country runs its economy.

2. A system that a country chooses to allocate its resources and distribute its
goods and resources.

3. An economic system in which government make all the decisions about the
production and consumption of goods and services.

4. An unplanned economy in which land, property and business are owned by

private people not the government.

5. The government as well as people and businesses owns the land and natural
resources

6. The increased integration of businesses and governments across the world.

7. Highly qualified people in developing economies move to developed

countries.

8. Dump cheap surplus products in developing countries.

16 MARKS

THE CIRCULAR FLOW

QUESTION 3
1. Study the passage and then answer the questions below.
Dollf Winters is a tourist from the Netherlands who are on holiday in South Africa for two weeks.
Dan Smith and his family sold t-shirts with the South African flag on to Dollf and other tourists
along the beach under the name of "Outrages t-shirts". They have a permit obtained from the
Cape Aghalhus Municipality.
 Page 5 of 5

Complete the table below by selecting examples from the passage that
represents the participants in the economic cycle.
HOUSEHOLDS

BUSINESSES

GOVERNMENT

FOREIGN SECTOR
4 MARKS

4. What is the remuneration for the following factors of production?

4.1 Natural Resources.
4.2 Labour.
4.3 Capital.
4.4 Entrepreneurship.
4 MARKS

QUESTION 4

1. Give two other names for the government.

2. Identify three companies owned by the state.
3. Provide two examples of goods and services provide by the government.
4. Explain two functions of the government.

5.How do the government finance services it provides?

11MARKS
50 MARKS