Why Did the Bafokeng People of South Africa Form the Corporation

question 37

Multiple Choice

Why did the Bafokeng people of South Africa form the corporation known as Royal Bafokeng Nation, Inc.?

• A) They wanted to recover land taken by white settlers.
• B) They wanted to get wealthy from platinum mining.
• C) The corporation wanted to make the Bafokeng people wealthy.
• D) The corporation wanted to take advantage of native sovereignty.

---

Definitions:

Actual Price Level

The current general price of goods and services in an economy at a particular time.

Inflation Rate

A measure of the rate at which the overall level of prices for goods and services is rising, indicating a decrease in the purchasing power of a country's currency.

Short Run

A period in economics during which at least one factor of production is considered fixed, focusing on immediate effects of changes in demand or supply.

Expansionary Gap

The amount by which actual output in the short run exceeds the economy’s potential output