Photo AI
2.1 Name TWO forms of renewable energy - NSC Consumer Studies - Question 2 - 2016 - Paper 1
Question 2
2.1 Name TWO forms of renewable energy. 2.2 Explain the term phishing. 2.3 Read the extract below and answer the question that follows. The Minister of Finance an... show full transcript
Worked Solution & Example Answer:2.1 Name TWO forms of renewable energy - NSC Consumer Studies - Question 2 - 2016 - Paper 1
Step 1
Step 2
Explain the term phishing.
Answer
Phishing is a fraudulent attempt by individuals or organizations to obtain sensitive information from individuals through deceptive means. Typically, phishing involves fake emails, phone calls, or websites that appear to be legitimate sources, such as banks or financial institutions. The aim is to trick the recipient into disclosing personal details, such as passwords or account numbers, thereby compromising their security.
Step 3
Explain how an increase in VAT will affect food prices and the disposable income of South African consumers.
Answer
An increase in VAT (Value Added Tax) will likely lead to higher food prices, as producers may pass their increased tax costs onto consumers. Basic food items that are typically exempt from VAT may still see repercussions as the overall cost of living increases. Consequently, the disposable income of South African consumers may decrease as they have to allocate more of their income towards essential goods, leaving them with less for discretionary spending. This scenario particularly affects low-income households, which may struggle to meet their basic needs.
Step 4
Step 5