Match the economic concepts given in COLUMN A with its description in COLUMN B. Write down the question numbers and correct answer next to it, for example: 2.11 A COLUMN A COLUMN B 2.1 Cost-Push Inflation A Refers to the total market value of final goods and services produced in an economy during a specific period of time. 2.2 Uniformity B It is impossible to reallocate the resources to make at least one person better off without making someone else worse off. 2.3 Free market school C It can be divided into infinitely small units 2.4 Exchange rate D Human beings are motivated mainly by profit and self-interest 2.5 Market failure E Is that part of consumption which is independent of the level of income 2.6 Expenditure method F Increases in the cost of production pushes the price levels up. 2.7 Hidden unemployment G The production resulting from the employment of the permanent residents of South Africa 2.8 Absolute advantage H The exchange rate will initially favour foreigners that export to a local country 2.9 Autonomous consumption I Human beings are not driven by self-interest. 2.10 Gross Domestic Product J This approach adds up the value of all transactions once they have reached their final destination. K Is said to exist if people who were previously fully employed, have had their hours (and, therefore, salaries) reduced because of poor business performance. L One part has exactly the same characteristics than another M When one country produces more of a product than another using the same amount of resources. N The market system is unable to achieve an efficient allocation of resources. O This method is the summation of the value added at each phase of production. P The price of one currency in terms of another currency.