100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ECS1601 Assignment 7 (ALTERNATIVE) 2024 - DUE 2 November 2024 £2.15   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa
  4.  
  5. Economics IB (ECS1601)

Exam (elaborations)

ECS1601 Assignment 7 (ALTERNATIVE) 2024 - DUE 2 November 2024

4 reviews
 348 views  35 purchases
  • Module
  • Economics IB (ECS1601)
  • Institution
  • University Of South Africa
  • Book
  • Economics for the IB Diploma with CD-ROM

ECS1601 Assessment 7 - Alternative 2024 – DUE 2 November 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions. For assistance call or W.h.a.t.s.a.p.p us on ...(.+.2.5.4.7.7.9.5.4.0.1.3.2)........... Question 1 (5 marks) Maximum word count: 100 words 1.1 Suppose you live in S...

[Show more]

Preview 2 out of 13  pages

Document information

  • October 27, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ecs1601 assessment 7 alternative 2024

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

More summaries for

  • ECS1601 Assessment 7 - Alternative 2024 – DUE 2 November 2024 ;100 % TRUSTED workings, Expert Solved, Explanations and Solutions
  • IB Economics Last-Minute Flash Cards HL&SL
  • 40/45 IB STUDENT: IB Global Economy HL&SL
All for this textbook (41)

Written for

  • University of South Africa
  • Economics IB (ECS1601)
All documents for this subject (58)

4  reviews

review-writer-avatar

By: macpatbzondo • 1 day ago

review-writer-avatar

By: dlomoesihle22 • 1 day ago

I did not get all the answer I was looking for (graphs)

review-writer-avatar

By: bulelaninconjane • 13 hours ago

It has no graphs which I’m not happy about at all

review-writer-avatar

By: tinymfeka • 1 day ago

Seller

avatar-seller
LIBRARYpro

Reviews received

Content preview

ECS1601
ASSIGNMENT 7 2024
UNIQUE NO.
DUE DATE: 2 NOVEMBER 2024

, ECS1601

Assessment 7 2024

Unique Number:

Due Date: 2 November 2024

Economics IB (Macroeconomics I)

Question 1

Purchasing proudly South African products supports the circular flow of income and
spending within the local economy. When households buy locally, they increase
revenue for South African firms, which can then pay wages, invest further, and
contribute taxes that fund government services. This internal spending loop fosters job
creation and economic stability. Opting for international brands redirects income abroad,
reducing local economic benefits and increasing dependency on imports. The
opportunity cost of buying international items includes lost local job opportunities,
decreased domestic firm growth, and potential trade deficits that can impact national
economic health.



Question 2

2.1 Explanation of the Money Market in Mauritius (4 marks)

In 2023, as Mauritius's GDP growth moderates to around 5.0%, economic activities are
stabilizing. In the money market, this slowdown may lead to a reduced demand for
loans and investment, as firms and households adjust spending and borrowing to reflect
steadier growth. The demand curve for money could shift leftward, represented by a
leftward arrow. With less pressure on borrowing, the interest rate may also slightly
decrease or stabilize. A diagram would show a leftward shift in the money demand
curve, with a potential decrease in interest rates, reflecting moderated economic growth.

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 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 LIBRARYpro. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £2.15. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84197 documents were sold in the last 30 days

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

Start selling
£2.15  35x  sold
  • (4)
  Add to cart