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ECS1601 ASSIGNMENT 2 2024
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ECS1601 ASSIGNMENT 2 2024
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7/25/24, 8:16 AM Assessment 2 (page 1 of 8)UNISA 2024 ECS1601-24-Y_AS2 Introduction Assessment 2
QUIZ
Question 1
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In South Africa, excise duty is levied on………
a. fuel and a few luxury goods only.
b. alcohol, tobacco, fuel, and a few luxury goods.
c. alcohol and tobacco only.
d. income and wealth.
Clear my choice
Question 2
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Which of the following statements are correct?
a. The difference between government spending and borrowing is called the budget
deficit.
b. If government finances part of its spending from borrowing from the central bank,
this is called inflationary financing.
c. Expansionary fiscal policy implies that taxes must increase, and government
spending must be limited.
a. All statements are correct.
b. a and b
c. b and c
d.
a
e. b
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20324020&cmid=1019616 1/1
,7/25/24, 8:16 AM Assessment 2 (page 2 of 8)
UNISA 2024 ECS1601-24-Y_AS2 Introduction Assessment 2
QUIZ
Question 3
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The role of government is threefold. What are the three broad functions of
government?
a. equitable distribution, dispersal and stabilisation functions
b. allocative, equitable distribution and stabilisation functions
c. allocative, dispersal and stabilisation functions
d. allocative, dispersal and equitable distribution functions
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Question 4
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Ayanda is from Lesotho. She got a job in South Africa in 2020; she earned a salary
of R30 000 a month and paid income tax of R3 300. In 2022, her salary increased to
R35 000 a month and she paid an income tax of R3 600. Income tax paid by Ayanda
is an example of a … tax.
a. progressive
b. regressive
c. proportional
d. general
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20324020&cmid=1019616&page=1 1/1
,7/25/24, 8:16 AM Assessment 2 (page 3 of 8)
UNISA 2024 ECS1601-24-Y_AS2 Introduction Assessment 2
QUIZ
Question 5
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In 2020, Melokuhle earned a salary of R20 000 a month and paid an income tax of
R2 800; his salary increased to R25 000 a month, and he now pays an income tax of
R3 100. This is an example of a………
a. regressive tax.
b. general tax.
c. progressive tax.
d. proportional tax.
Clear my choice
Question 6
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Expansionary fiscal policy refers to……………, while restrictive fiscal policy refers to
……………
a. an increase in government borrowing; a decrease in government spending.
b. an increase in taxes; an increase in government spending.
c. an increase in government spending; a decrease in taxes.
d. an increase in government spending; an increase in taxes.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20324020&cmid=1019616&page=2 1/1
, 7/25/24, 8:15 AM Assessment 2 (page 4 of 8)
UNISA 2024 ECS1601-24-Y_AS2 Introduction Assessment 2
QUIZ
Question 7
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Which one of the following statements regarding taxes is correct?
a. Equity in the tax system ensures simplicity and neutrality.
b. Taxes which distort relative prices are not neutral.
c. The aim of taxes is to always change the behaviour of people.
d. In a good tax system, compliance costs are equal to administration costs.
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Question 8
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A tax system is progressive if …
a. the marginal tax rate increases while the average tax rate decreases
b. an increase in taxable income causes an increase in tax paid.
c. the average tax rate increases as taxable income decreases.
d. an increase in tax causes prices to increase, but wages to fall.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20324020&cmid=1019616&page=3 1/2
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