ECS1500 Economics 1500 (ECS1500)

ECS1500 ASSIGNMENT 3 SEMESTER 1 2023 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on +25479 811 9845 . QUESTION 1 Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eager to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be alloca...

ECS1500 EXAM PACK 2023

ECS1500 Assignment 3 Semester 1 2023 ECS1500 Assignment 3 Semester 1 2023 ECS1500 Assignment 3 Semester 1 2023

Study Unit 1 What Economics is all about Economics is a social science that studies how people use scarce resources to satisfy their unlimited wants. Microeconomics looks at this at an individual, household or firm level while Macroeconomics is a broader look which is an aggregate of all the individuals, households and firms in a given economy. The main aspects in Microeconomic theory are supply, demand, scarcity, choices and opportunity cost. The Economic Problem Every individua...

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ECS1500 ASSIGNMENT ECS1500 - Economics 1500

ECS1500 ASSIGNMENT 3 2022. The role of the public sector is to control the money supply and interest rates to achieve economic stability. [1] True [2] False Government includes all politicians, civil servants, government agencies and other bodies belonging to or under the control of government. It therefore includes the President, cabinet ministers, provincial premiers, mayors, everyone working for central government, provincial governments and municipalities, and public corporations suc...

ECS1500 Assignment 5 Semester 2 2022. Scarcity applies to the poor only. 1. True 2. False 2. A decrease in the supply of apples is illustrated by an upward or a leftward shift of the entire supply curve. 1. True 2. False 3. The four factors of production are land, labour, entrepreneurship and capital goods. 1. True 2. False 4. If the supply of, as well as the demand for apples were to increase, there would be a decrease in the price of apples, but the direction of the change in the eq...

ECS1500 ASSIGNMENT 3 2022. The role of the public sector is to control the money supply and interest rates to achieve economic stability. [1] True [2] False Government includes all politicians, civil servants, government agencies and other bodies belonging to or under the control of government. It therefore includes the President, cabinet ministers, provincial premiers, mayors, everyone working for central government, provincial governments and municipalities, and public corporations suc...

ECS1500 Assignment 5 Semester 2 2022. Scarcity applies to the poor only. 1. True 2. False 2. A decrease in the supply of apples is illustrated by an upward or a leftward shift of the entire supply curve. 1. True 2. False 3. The four factors of production are land, labour, entrepreneurship and capital goods. 1. True 2. False 4. If the supply of, as well as the demand for apples were to increase, there would be a decrease in the price of apples, but the direction of the change in the eq...