Exam (elaborations)
ECS1601 assignment 4 semest 2 2024 Exam (elaborations) Economics IB (Macroeconomics I) (ECS1601)
- Course
- Institution
ECS1601 Assignment 4 Semester 2 2024 Due 4 September 2024
[Show more]
Seller
Follow
TeachmeTutor
Reviews received
Content preview
8/29/24, 5:30 PM Assessment 4: Attempt reviewUNISA 2024 ECS1601-24-Y_AS4 Introduction Assessment 4
QUIZ
Started on Thursday, 29 August 2024, 4:24 PM
State Finished
Completed on Thursday, 29 August 2024, 5:29 PM
Time taken 1 hour 5 mins
Question 1
Complete
Marked out of 1.00
What is the correct definition of the opportunity cost of a choice?
a. the monetary value to the decision-maker of the choice made.
b. the monetary value of the best alternative that was chosen instead of the alternative.
c. the cost of the alternative.
d. the opportunity to make a different choice.
e. the value to the decision-maker of the alternative that could have been chosen.
Question 2
Complete
Marked out of 1.00
Which one of the following statements is correct?
a. The difference between capital goods and consumer goods is that the former maintains their full value over time.
b. The total income in the economy is equal to the total remuneration of the factors of production.
c. The quality of the factors of production is insignificant; it is only the quantity that matters.
d. Capital as a factor of production refers to the amount of money required to produce a good or service.
Question 3
Complete
Marked out of 1.00
Spending on goods produced in the _____ is a/an ______ into the circular flow of goods and services in the domestic economy.
(i) domestic economy; leakage
(ii) foreign sector; Leakage
(iii) foreign sector; injection
(iv) domestic economy; injection
a. Only (iv) is correct.
b. Only (ii) is correct.
c. (ii) and (iii) are correct.
d. (ii) and (iv) are correct.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21557314&cmid=1056452 1/14
, 8/29/24, 5:30 PM Assessment 4: Attempt review
Question 4
Complete
Marked out of 1.00
Thabo bought an iPhone 14 this week at one of the local malls. In which market did he purchase the phone?
a. labour market
b. factor market
c. goods market
d. local market
Question 5
Complete
Marked out of 1.00
Which of the following statements is/are correct about the difference between direct and indirect financing?
a) Indirect financing takes place when the deficit units borrow directly from the surplus units with the assistance of a financial
intermediary.
b) Direct financing takes place when the deficit units borrow directly from the surplus units without the assistance of a
commercial bank.
c) Indirect financing takes place when surplus units deposit funds with financial intermediaries and the deficit units borrow
from South African Reserve Bank.
a and b
b and c
a and c
b
a
Question 6
Complete
Marked out of 1.00
When the income level increases, the demand for …..money increases, which results in a/an …..increase.
a. speculative; active balance
b. speculative; passive balance
c. transaction; passive balance
d. transaction; active balance
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21557314&cmid=1056452 2/14
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 TeachmeTutor. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.82. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78140 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now