Economics Grade 10 Term 4 November 2025 Questions and Answers gives learners a complete study guide aligned with the CAPS curriculum to prepare for the final DBE exam. This page includes an interactive quiz, downloadable Term 4 papers and memoranda, and a full breakdown of all examinable topics. It is designed to help you practise, revise, and understand the key economic concepts that will appear in your November 2025 Economics Grade 10 final exam.
For full past exam resources, visit: Economics Grade 10 Past Papers and Memos
Economics Grade 10 Term 4 November 2025 Quiz – Questions and Answers
The Economics Grade 10 Term 4 November 2025 quiz helps you revise for the final exam through true or false and multiple-choice questions modelled on past DBE exam papers. The quiz tests your knowledge of microeconomics, macroeconomics, markets, and the economic cycle. After you submit, the correct answers appear with short explanations to guide your understanding.
Economics Grade 10 – Practice Quiz (June 2019)
Choose the correct match for each item.
Type the correct term. Spelling must be correct.
Question 2
- Give two examples of monopolies in South Africa.
- Explain why the demand curve has a negative gradient.
- Graph D1 → D2: identify the original demand curve. State what the shift represents. Define the equilibrium point. Give two reasons for the shift from D1 to D2. Explain the effect of an increase in demand on market equilibrium.
- Utility table: identify the quantity that gives the greatest satisfaction. Identify the unit that gives extra satisfaction first. Explain why marginal utility for quantity 6 is negative. Define marginal utility. Calculate missing values A and B.
- Discuss the law of demand and the law of supply. Give clear statements and relationships.
- Discuss any two properties of indifference curves.
Question 3
- List any two characteristics of utility. Explain the effect of introducing minimum wages on the supply of labour.
- Indifference map: how many baskets at point B. Define indifference curve. Explain Pareto efficiency. Explain why the consumer prefers to consume at point X.
- Cartoon on market power: identify the market structure. State the number of producers. Describe the nature of the product. Explain how the crisis affects the economy. Explain why Eskom is regarded as a monopoly.
- Distinguish entry and price control in a monopoly and a perfect market.
- With a neat labelled diagram, explain how improved technology shifts the supply curve. Mention the change in equilibrium.
Question 4
- Discuss in detail the production possibility curve. Use scarcity, choice, opportunity cost, efficiency, and unattainable points in your discussion.
- Explain how a change in price affects the budget line.
Question 5
- Discuss maximum prices, minimum prices, and minimum wage as methods of government intervention. Include clear diagrams for price controls.
- Give your view on why subsidies are given to different economic players.
Topics Covered in the Term 4 Economics Quiz
1. The Circular Flow and Economic Cycle
Understand how goods, services, and money move through the economy. Learn the roles of households, firms, government, and the foreign sector, and how leakages (savings, taxes, imports) and injections (investment, government spending, exports) affect the economy.
2. Economic Systems and the South African Economy
Compare market, command, and mixed economic systems, and analyse how the South African economy combines elements of each. Learn how public and private sectors function together to promote growth and development.
3. Demand, Supply, and Market Equilibrium
Study the laws of demand and supply, determinants that shift curves, and how equilibrium price and quantity are determined. You must be able to interpret graphs, explain price elasticity, and understand government intervention like price controls.
4. Business Cycles and Growth Trends
Learn the phases of the business cycle — recovery, boom, recession, and depression. Understand how indicators such as GDP, inflation, and unemployment measure economic performance, and how government policy can influence each stage.
5. Government and Fiscal Policy
Revise how government influences the economy through taxation, spending, and fiscal policy tools. You must know the difference between direct and indirect taxes, progressive and regressive systems, and their impact on income distribution.
6. Globalisation and International Trade
Understand imports, exports, exchange rates, and how trade benefits South Africa. Review topics like balance of payments, trade barriers, and economic development strategies used by developing countries.
Download Term 4 November 2025 Economics Grade 10 Papers and Memos
Use the resources below to practise for your final Economics Grade 10 Term 4 November 2025 exam. Each paper includes a full memo for self-assessment and revision.
- Economics Grade 10 Term 4 November 2025 Question Paper 1 (PDF)
- Economics Grade 10 Term 4 November 2025 Memorandum 1 (PDF)
- Economics Grade 10 Term 4 November 2025 Question Paper 2 (PDF)
- Economics Grade 10 Term 4 November 2025 Memorandum 2 (PDF)
- Term 4 Practice Pack – Exam-Style Questions and Answers (PDF)
- Summary Notes and Diagrams Revision Sheet (PDF)
More papers available here: Economics Grade 10 Past Papers and Memos
Exam Scope for Economics Grade 10 Term 4 November 2025
According to the CAPS Term 4 exam structure, the following content will be assessed:
- The circular flow model and the economic cycle
- Economic systems and their characteristics
- Demand, supply, and market equilibrium graphs
- Price elasticity of demand and supply
- Business cycles and indicators of economic growth
- Government intervention and fiscal policy
- Globalisation, international trade, and South Africa’s trade balance
- Inflation, unemployment, and GDP trends
- The impact of imports, exports, and exchange rates on the local economy
Common Mistakes to Avoid
- Drawing incorrect demand and supply graphs or forgetting axis labels
- Confusing leakages and injections in the circular flow model
- Forgetting to link examples to South Africa’s real economy
- Not explaining how government policy affects inflation and unemployment
- Mixing up types of taxes or incorrectly defining fiscal tools
- Providing one-word answers instead of full economic explanations
Economics Grade 10 Term 4 Revision Plan
Week 1: Circular flow, economic systems, and markets
Week 2: Business cycles, GDP, and growth indicators
Week 3: Fiscal policy, taxation, and globalisation
Week 4: Revision using Term 4 November 2025 papers and memoranda
Final 3 Days: Attempt both Paper 1 and Paper 2 under timed conditions and mark using memos
Frequently Asked Questions
What is covered in the Economics Grade 10 Term 4 November 2025 Questions and Answers quiz?
It includes true or false and multiple-choice questions on circular flow, demand and supply, fiscal policy, and globalisation.
How should I prepare for the November 2025 Economics exam?
Start by taking the quiz to find your weak topics, then use the downloadable Term 4 papers and memos for intensive practice.
Does this follow the official CAPS Economics Grade 10 curriculum?
Yes. All sections match the CAPS Term 4 content as prescribed by the Department of Basic Education.
Where can I get more past papers and memos?
Visit Economics Grade 10 Past Papers and Memos to download all the PDFs you need.
Can I retake the quiz before the final exam?
Yes. You can redo the quiz multiple times to improve your speed, accuracy, and confidence before your November 2025 exam.
Final Exam Tip
When working on Economics Grade 10 Term 4 November 2025 Questions and Answers, focus on understanding economic relationships rather than memorising definitions. Use real South African examples when explaining concepts like inflation, unemployment, and fiscal policy. Practise drawing and interpreting graphs, and always refer to the memo to see how marks are allocated.