Ecs3702 exam 2021 - Study guides, Study notes & Summaries

ECS3702 JULY 2021 EXAM MEMO DESIGNED TO CATER FOR OCT/NOV 2021 ONLINE EXAMS

ECS3702 JULY 2021 EXAM MEMO DESIGNED TO CATER FOR OCT/NOV 2021 ONLINE EXAMS

ECS3702 EXAM PACK 2021. International Trade. Question 1 An appreciation of the rand against the US dollar, will result in increased South African imports from the US, this is because fewer Rands can now purchase more US dollars, implying that South Africans now find it cheaper to buy US goods. Question 2 One of the possible effects of a recession in South Africa, on its trade with SADC member states is, widening of South Africa’s trade deficit, which implies that South Africa is exporti...

Paper November 2021 Question 1 An appreciation of the rand against the US dollar, will result in increased South African imports from the US, this is because fewer Rands can now purchase more US dollars, implying that South Africans now find it cheaper to buy US goods. Question 2 One of the possible effects of a recession in South Africa, on its trade with SADC member states is, widening of South Africa’s trade deficit, which implies that South Africa is exporting less and thus less em...