ECS1500 Economics 1500 (ECS1500)

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 e...

ECS1500 Assignment 5 SEMESTER 2 OCTOBER NOVEMBER EXAM 2022

ECS1500 MOCK EXAM 2022/2023 Answers on the last page ECS1500 Mock Paper 2 2 Write the answers for each question on the answer sheet provided at the end. 1. 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 dema...

ECS1500 OCTOBER/ NOVEMBER EXAM PACK 2022/2023 lOMoARcPSD| Multiple Choice Questions (Section A): (A) 1. A normal good is one for which the income elasticity is greater than one. a. True b. False 2. The demand for a good, perceived by the consumer to be a necessity, will tend to be elastic. a. True b. False 3. Macroeconomics is concerned with the study of how households and firms make decisions and how they interact in specific markets a. True b. False 4. Price and quantity demand...

ECS1500 MOCK EXAM 1 QUESTIONS AND ANSWERS 2022/2023 ANSWERS AT THE END OF THE PAPER ECS1500 Mock Paper 1 2 Write the answers for each question on the answer sheet provided at the end. 1 A normal good is one for which the income elasticity is greater than one. 1 True 2 False 2 The demand for a good, perceived by the consumer to be a necessity, will tend to be elastic. 1 True 2 False 3 Macroeconomics is concerned with the study of how households and firms make decisions and how they...

ECS1500 Assignment 3 Semester 2 2022 ECS1500 Assignment 3 Semester 2 2022

ECS1500 ASSIGNMENT 3 2022. ECS1500 - Economics 1500 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...

ECS2602 STUDY PACK 2022. This is a complete and an all-inclusive guide to ECS1500 - Economics 1500 Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If to...

ECS1500 ASSIGNMENT 3 2022. ECS1500 - Economics 1500