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  3. University Of South Africa (Unisa)
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  5. Economics IB (ECS1601)

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2025 - ECS1601 - ASSESSMENT 2 - QUESTIONS AND ANSWERS
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  • January 6, 2025
  • 200
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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2025 – ECS1601 – ASSESSMENT 2 – EXPECTED QUESTIONS AND ANSWERS



Assessment 2
Started on Tuesday, 23 July 2024,
State Finished
Completed on Tuesday, 23 July 2024,
Time taken
Grade 18.00 out of 18.00 (100.00%)


Question 1
Which of the following statements is/are correct?
a) Privatisation is the transfer of ownership from private enterprise to the
government.
b) Example of nationalisation is when SARB transfers ownership to the government.
c) One of the arguments in favour of privatisation is that the privatised firm may
attract foreign direct investment.
d) Unbundling of Eskom is regarded as the first step towards privatisation.



a.
b) and d) only.


b.
a), b) and c)


c.
b), c) and d)


d.
a), b) and d)

Feedback
only statement (a) is incorrect, the statement refers to nationalisation

The correct answer is: b), c) and d)


1

, 2025 – ECS1601 – ASSESSMENT 2 – EXPECTED QUESTIONS AND ANSWERS


Question 2
Which one of the following statements regarding government spending and the
financing of such spending is incorrect?



a.
The income received from state-owned enterprises forms part the sources of
revenue for government.


b.
Personal income tax is the only source of revenue that can be used to finance
government spending.


c.
The difference between government spending and taxation is called the budget
deficit.


d.
Government spending can be financed through taxation and borrowing.

Feedback
Personal income tax is not the only source of government spending

The correct answer is: Personal income tax is the only source of revenue that can be
used to finance government spending.



Question 3
Tax evasion occurs when …



a.
people do not pay the taxes that they are supposed to pay.


b.
households legally alter their behavior to avoid paying tax.

2

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