Started on Friday, 7 April 2023, 7:27 PM
State Finished
Completed on Friday, 7 April 2023, 8:39 PM
Time taken 1 hour 11 mins
Marks 14.00/20.00
Grade 70.00 out of 100.00
Question 1
Complete
Mark 1.00 out of 1.00
The process whereby the world’s economies have become more integrated through trade, capital markets and technology are called______
a. economic growth.
b. economic development.
c. economic integration
d.
colonisation
e. globalisation
Question 2
Complete
Mark 1.00 out of 1.00
Suppose Katlego owns a jewellery import business. Katlego imports necklaces and other jewellery from the United States. If there is a
depreciation in the Rand against the Dollar, which of the following is correct about Katlego’s business?
a. Katlego would need more Rands to purchase the jewellery and this will cause her to reduce her prices.
b. Katlego would need less Rands to purchase the jewellery and will reduce her prices.
c. Katlego would need less Rands to purchase the jewellery and this will raise her prices.
d. Katlego would need more Rands to purchase the jewellery and will raise her prices.
, Question 3
Complete
Mark 1.00 out of 1.00
MENU
If two countries have differing opportunity costs of production for two goods, then
Dashboard / My courses / ECS1601-23-S1 / Online assessments / Assessment 2
a. each country should specialise in the good for which it has a higher opportunity cost of production.
b. only the country with an absolute advantage in the production of both goods stands to gain from trade.
c. each country should purchase inputs from the other country in order to gain an absolute advantage.
d. each country should specialise in the production of the good for which it has a relative advantage.
e.
each country should import all goods instead of producing them domestically.
Question 4
Complete
Mark 0.00 out of 1.00
John has invested R100 000 in the Old Mutual Global Equity Fund, with 25% of the total invested in US companies while the remaining 75%
is invested in Germany, France and the United Kingdom. If the Rand/Dollar exchange rate is R16,59/US$1, by how much has John increased
money supply in the US?
a. US$6 027,73
b. US$1 506,93
c. US$4 520,80
d. US$414 750
Question 5
Complete
Mark 1.00 out of 1.00
Mediclinic Medforum, a private hospital in Pretoria, needs to import 10 ultrasound machines from the United States (US) at a total value of
US$415 000. However, the South African government will only allow the hospital to import five machines. Which trade policy measure is
being implemented here?
a. import tariff
b. import quota
c. exchange control
d. local content requirements
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MyStudyBudd. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
