100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
ECS3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 $2.78
Add to cart

Exam (elaborations)

ECS3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024

 53 views  3 purchases
  • Course
  • Institution
  • Book

ECS3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE August 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us .. Question 1 Assume that South Africa trades with the rest of the world and has a defi...

[Show more]

Preview 1 out of 10  pages

  • July 28, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
ECS3703
Assignment 2 Semester 2 2024
Detailed Solutions, References & Explanations

Unique number:

Due Date: 2024


QUESTION 1

To correct the trade balance deficit, South Africa could devalue or depreciate its currency, the
South African rand (ZAR). This means that the ZAR would lose value relative to foreign
currencies. For example, if the exchange rate moves from

R=1ZAR/EUR = 1 to R=1.20ZAR/EUR = 1.20 ZAR/EUR,

the rand has depreciated by 20%. This makes South African goods and services cheaper for
foreign buyers, while making foreign goods and services more expensive for South African
consumers. This change would incentivize foreign buyers to purchase more South African
products, increasing exports. Simultaneously, South African consumers would find imported
goods more expensive, leading to a reduction in imports.



Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.


Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller iStudy. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.78. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53068 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.78  3x  sold
  • (0)
Add to cart
Added