Exam 120 2016.pdf - Copyright reserved Kopiereg voorbehou...

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1 Copyright reserved / Kopiereg voorbehou Faculty of Economic and Management Sciences / Fakulteit Ekonomiese en Bestuurswetenskappe Department of Economics / Departement Ekonomie Examination period: 2nd semester / Eksamenperiode: 2de semester EKN 120 Duration / Duur : 90 minute Date/ Datum : 12 November 2016 Total/ Totaal : 60 marks/ punte Note / Neem kennis : 1) Supplementary exams will only be granted in extreme cases and are not granted automatically . When granted the supplementary exam will take place during the supplementary exams in December 2016, Further information will be posted on ClickUP. Hereksamens sal net in baie spesiale gevalle toegestaan word en word nie outomaties toegestaan nie. Indien toegestaan sal dit plaasvind gedurende die her-eksamens in Desember 2016. Verdere inligting sal op ClickUP gepubliseer word. 2) Lecturers and administrative staff are not allowed to give candidates their mark prior to the official publication. / Dosente en administratiewe personeel word nie toegelaat om kandidate se finale punte aan hulle bekend te maak voor die amptelike publisering daarvan nie. INSTRUCTIONS / INSTRUKSIES : 1) Answer all the questions. / Beantwoord al die vrae . 2) Use the answer book to answer Section A and B. All questions should be answered, in pen . / Gebruik die antwoordboek om Afdeling A en B te beantwoord. Alle vrae moet in pen beantwoord word . 3) Indicate the language used to answer the paper on the answer book, top-left hand corner. Dui asb. die taal waarin jy die vraestel beantwoord aan op die antwoordboek, links bo-aan. 4) Add the sections A and B with questions numbers 1 to 7 (for B) to the left-hand side column of the designated table, bottom-right of the answer book. / Vul die afdelings A en B met die vraagnommers 1 tot 7 (vir B) in, in die linkerkantste kolom van die toepaslike tabel, regs-onder op die antwoordboek. 5) The question paper consists of 8 pages (including this one). / Die vraestel bestaan uit 8 bladsye (ingesluit hierdie een) Examiners: Mr JJ Janse van Rensburg; Me S Kilambo; Me M Makgatho; Mr E Mashayamombe; Mr M Molefinyane External Examiner: Prof A Jordaan
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2 Section A: Multiple Choice Questions / Afdeling A: Meervoudige keuse vrae 1) A quasi-public good is: 'n Quasi-openbare produk is: A. a public good that is produced profitably by private firms, without government subsidy. 'n openbare produk wat winsgewend deur privaat ondernemings geproduseer word sonder enige subsidie van die owerheid. B. one characterized by non rivalry and non excludability. word gekenmerk deur nie-mededingendheid en nie-uitsluitbaarheid. C. one characterized by rivalry but not excludability. word gekenmerk deur medegingendheid maar nie-uitsluitbaarheid. D. a good for which exclusion could take place but that has such large benefits that government provides it to prevent an under allocation of resources.
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