QUESTION 1 1.1 Answer the following questions:
1.1.1 From the four factors of production, which one is the engine behind
production process?
(1)
1.1.2 Expenditure by business on capital goods is known as what?
(1).
1.1.3 Uneven distribution of natural resources often leads to countries trading
with one another, explain how.
1.1.4 Educated and trained workers tend to be more productive in any working
environment, explain what productivity means.
(2)
1.1.5 Why is capital formation important to the South African economy? (6)
[12]
ESTION 2
(2)​

Jing-sheng facilitated a hiring committee for his advertising company. six employees (including two managers) met together to discuss applicants and select the finalists for a copywriter position in the public relations department. although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. in setting up this type of hiring process, the head of public relations was utilizing a(n) style of leadership.a. autocraticb. free-reinc. contingentd. participative

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Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g