Economics IB ECS1601 (ECS1601)
University of South Africa (Unisa)
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ECS1601 ASSESSMENT 2 2024 Which of the following statements is/are correct with regard to value added tax (VAT)? a. VAT is only levied on a few goods. b. VAT is selective tax and excise duty. c. VAT is the general tax and excise duty. d. VAT is levi
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ECS1601 ASSESSMENT 2 2024 
 
Which of the following statements is/are correct with regard to value added tax 
 (VAT)? 
 a. VAT is only levied on a few goods. 
 b. VAT is selective tax and excise duty. 
 c. VAT is the general tax and excise duty. 
 d. VAT is levied on most goods and services. 
 
 Which of the following elements are regarded as government intervention? 
 a. Taxation and borrowing only. 
 b. Spending, borrowing and taxation. 
 c. Spending and taxation only. 
 d. Spending, interest ...
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ECS1601 ENTRY QUIZ TO UNLOCK ASSESSMENTS FOR THE MODULE GET SUPPORT ON 0-----6-----1----2----6----2----1---1----8----5 PLEASE CONTACT US FOR DETAILED SUPPORT ON THIS MODULE FOR A DISCTICTION 0.....6....8.......0.....5....3....8.....2......1.....3
- Exam (elaborations) • 7 pages • 2024
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ECS1601 ENTRY QUIZ TO UNLOCK ASSESSMENTS FOR THE MODULE GET SUPPORT ON 0-----6-----1----2----6----2----1---1----8----5 
 
PLEASE CONTACT US FOR DETAILED SUPPORT ON THIS MODULE FOR A DISCTICTION 0.....6....8.......0.....5....3....8.....2......1.....3
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