Answer the following questions - NSC Economics - Question 3 - 2021 - Paper 1
Question 3
Answer the following questions.
3.1.1 Name any TWO methods of import substitution. (2 x 1) (2)
3.1.2 How can the government use land restitution to achieve its d... show full transcript
Worked Solution & Example Answer:Answer the following questions - NSC Economics - Question 3 - 2021 - Paper 1
Step 1
Name any TWO methods of import substitution.
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Answer
Tariffs (such as ad-valorem tariffs, specific tariffs).
Import quotas, which restrict the quantity of goods that can be imported.
Step 2
How can the government use land restitution to achieve its development and redress objectives?
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The government can return land that was previously expropriated or offer financial compensation to individuals who lost their land. This approach aims to improve the standard of living for historically disadvantaged communities and rectify past injustices.
Step 3
Identify the energy source that relates to the burning of fossil fuels.
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Coal is the energy source that relates to the burning of fossil fuels.
Step 4
Give the index that is used to measure society's level of development.
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The Human Development Index (HDI) is commonly used to measure a society's level of development.
Step 5
Briefly describe the term economic indicator.
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An economic indicator is a statistic that provides information about the economic performance of a country or region, such as GDP, employment rates, or inflation rates.
Step 6
Explain the negative impact of rural-urban migration on the supply of services in urban areas.
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Rural-urban migration can lead to an increase in population density in urban areas, causing a strain on housing, healthcare, and public services. It can result in insufficient infrastructure to support the growing population, leading to inadequate service delivery.
Step 7
How will renewable sources of energy affect poor households in rural areas positively?
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Reduction in energy costs will allow households to save money and allocate resources to other essentials.
Improved access to reliable energy can enhance the quality of life, contributing to better education and health outcomes for families.
