ECS1500 ASSIGNMENT 3 2022. The role of the public sector is to control the money supply and interest rates to
achieve economic stability.
[1] True
[2] False
Government includes all politicians, civil servants, government agencies and
other bodies belonging to or under the control of government...
ASSIGNMENT 03 (FIRST SEMESTER)
UNIQUE NUMBER
CLOSING DATE 19 April 2021
LEARNING UNITS 8 to 10
WEIGHT FOR SEMESTER MARK 30% of semester mark
NUMBER OF QUESTIONS 20
Please answer this assignment on the prescribed answer sheet on myUnisa or on
hard copy. Feedback on these questions will be provided on myUnisa under
Additional Resources after the final closing date for the assignment.
For Questions 3.1 to 3.5 you need to indicate whether the statement is true or false. If
the statement is true, choose [1] and if the statement is false, choose [2].
3.1 The role of the public sector is to control the money supply and interest rates to
achieve economic stability.
[1] True
[2] False
Government includes all politicians, civil servants, government agencies and
other bodies belonging to or under the control of government. It therefore
includes the President, cabinet ministers, provincial premiers, mayors,
everyone working for central government, provincial governments and
municipalities, and public corporations such as Eskom, Transnet and the South
African Reserve Bank. Page 48 Philip mohr
3.2 Public enterprises such as Eskom and PRASA are a component of the South
African public sector.
[1] True
[2] False
These are included in institutions covered above.
3.3 The distribution function of government refers to the government promoting
efficiency by implementing legislation to ensure certain minimum standards.
[1] True
[2] False
By definition, a socially undesirable income distribution is one with which society
is unhappy. Government, as the representative of society, must therefore take
steps to achieve a more acceptable (or more equitable) distribution. The
measures that governments usually take in this regard include progressive
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 STUDYLAB2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.00. You're not tied to anything after your purchase.
