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2025 - ECS1601 - ASSESSMENT 8 - QUESTIONS AND ANSWERS R85,33
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2025 - ECS1601 - ASSESSMENT 8 - QUESTIONS AND ANSWERS

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This document contains different assessments, all with scores ranging from 90% to 100%. Using it appropriately ensures passing with distinction.

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  • January 6, 2025
  • 196
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
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2025 – ECS1601 – ASSESSMENT 8 – EXPECTED QUESTIONS AND ANSWERS



Assessment 8
Started on Monday, 11 November 2024,
State Finished
Completed on Monday, 11 November 2024,
Time taken
Marks 29.00/29.00
Grade 10.00 out of 10.00 (100%)


Question 1
Which of the following best describes natural resources?

Select one:


a.
They can be replaced.


b.
They are unlimited in supply.


c.
They are remunerated by rent.


d.
They consist of machines, buildings and tools.

Feedback
The correct answer is: They are remunerated by rent.



Question 2
Which of the following is a final good or service?

Select one:



1

, 2025 – ECS1601 – ASSESSMENT 8 – EXPECTED QUESTIONS AND ANSWERS


a.
Diesel fuel bought for a delivery truck


b.
Fertiliser purchased by a farm supplier


c.
Motor vehicle windows purchased by a motor assembly plant


d.
A haircut paid for by a student

Feedback
The correct answer is: A haircut paid for by a student



Question 3
If the South African Reserve Bank decides to decrease the repo rate, the quantity of
money created will …(ceteris paribus).

Select one:


a.
decrease


b.
remain the same


c.
increase

Feedback
The correct answer is: increase



Question 4

2

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