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ECS2604 EXAM PACK 2025
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- ECS2604
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- University Of South Africa
ECS2604 EXAM PACK 2025
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ECS2604/2023
ECS2604
EXAM PACK
2025
CONTAINS DETAILED
QUESTIONS AND
WELL EXPLAINED
ANSWERS
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, lOMoAR cPSD| 48 011787
ECS2604/2023
Labour Economics
ECS2604
First Semester
Department of Economics
IMPORTANT INFORMATION:
This document contains Questions to Assessment 04.
Downloaded by Vincent kyalo ()
, lOMoAR cPSD| 48 011787
ECS2604/2023
Question 1 [20]
1.1 Assume that the price of wine will increase from R50 to R75.
Which of the following supply factors might account for this rise in
price?
a) A discovery that wine can slow down your liver.
b) A lack of rainfall.
c) Increased supply of grapes.
d) An increase in the number of accidents due to drinking
and driving.
1.2 Soccer players earn more than teachers because?
a) Soccer players are more experienced than teachers.
b) Soccer players represent the country.
c) Soccer players have more sponsors than teachers.
d) Scarcity in the number of skilled soccer players.
1.3 Assume Mashudu makes 550 dresses each week and the total
number of employees amounts to 50. Due to the outbreak of
loadshedding, production is interrupted. Monica sees it fit to cut
down their working hours to 80% according to the load-shedding
schedule. What is labour productivity? a) 7,6
b) 5,5
c) 8,8
d) 9,1
1.4 Assuming that for Bridget the substitution effect is stronger than
the income effect, which of the following applies to her?
a) She will work few hours and her labour supply will
decrease
b) She will work more hours and her labour supply will
increase
c) She will work few hours and enjoy more leisure
d) She will be indifferent between putting in more hours or
enjoying more leisure time.
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