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Match Column A with Column B: Employment subsidy, Price floor, Direct taxes, Excise duty, South African Revenue Services, Taxes, Price ceiling, Minimum wage, Ad valorem tax, Merit goods, Maximum price
Economics
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Here are the matches for Column A with Column B:
- 1.2.1 Employment subsidy: P (subsidization of wages by the government as an incentive to businesses to create more jobs)
- 1.2.2 Price floor: G (minimum price set above the equilibrium price)
- 1.2.3 Direct taxes: D (taxes on the income of individuals and profits of businesses)
- 1.2.4 Excise duty: F (levied on consumption of products which are harmful to human health)
- 1.2.5 South African Revenue Services: B (collects taxes on behalf of the South African government)
- 1.2.6 Taxes: A (compulsory payments made by the people and businesses to the state)
- 1.2.7 Price ceiling: C (the maximum price for which a good or service can be sold)
- 1.2.8 Minimum wage: K (The lowest wage an employer is allowed to pay an employee)
- 1.2.9 Ad valorem tax: N (Where tax is levied as a percentage of the product)
- 1.2.10 Merit goods: E (A product that society values and everyone should have)
- 1.2.11 Maximum price: C (the maximum price for which a good or service can be sold)
- 1.2.12 Public sector: I (Central government, provincial governments, local governments, and state-owned enterprises)
- 1.2.13 Minimum price: G (minimum price set above the equilibrium price)
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