Ecs1601 notes - Study guides, Study notes & Summaries

Skip to main contentSide panel ECS1601-23-S2 Online assessments Assessment 1 QUIZ Assessment 1 Started on Saturday, 19 August 2023, 2:43 PM State Finished Completed on Saturday, 19 August 2023, 3:14 PM Time taken 30 mins 14 secs Marks 28.00/40.00 Grade 70.00 out of 100.00 Question 1 Complete Mark 2.00 out of 2.00 Flag question Question text The circular flow model reveals that a decrease in South African imports will … . a. decrease South African imports b. increase ...

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ECS1601Test bank with answers Economics, past exam papers Exam-Pack-Index From , assignment 1, assignment 2, .. ..complete solutions 1 ECS1601 TEST BANK Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms The correct...

ECS1601 Exam Preparation For 2022 – Past Papers with verified Answers. Households are confronted with unlimited wants, but with limited resources with which to satisfy those wants b) The scarcity of resources necessitate households to make choices - ANS-both a and b are correct Which of the following is/are correct regarding the distinction between macroeconomics and microeconomics? a) The price of apples at the supermarket is an example of a macroeconomic variable. b) An increase in th...

LEARNING UNIT Welcome to the second part of your introduction to economics. We hope that you will find this module mentally stimulating and worthwhile. The purpose of the module is to gain insight into macroeconomic theory and variables such as total production and income of a country, economic growth, unemployment, inflation, and the balance of payments. After you have studied this module, you should be able to ■ explain the functioning of the economy as a whole ■ assess...

ECS1601 2021 UPDATED NOTES This document has a summary of notes that will help you to prepare for your upcoming 2021 October - November exam. Refer also to your trusted text books. Use previous exam papers, assignments memorandums, as well as group discussion. Best of luck.

Suppose government expenditure in South Africa is R10 billion while autonomous consumption and investment spending are R25 billion and R50 billion respectively. Autonomous exports are R100 billion and autonomous imports are R35 billion. Also, c = 0,85; t = 0,275 and m = 0,125. What is the equilibrium level of income in the economy? (Hint: at each step of your calculations, round off to 2 decimal places) a. R167.5 billion b. R365 billion  c. R150 billion d. R295.5 billion Consider the f...

ECS1601 ASSIGNMENT 5 SEMESTER 2 2022 S - The study-notes marketplace Question 1 Which of the following statements is correct? a. Restrictive fiscal and monetary policies are applied during periods of economic growth (boom). b. Fiscal policy entails changes in the interest rate. c. The impact lag is longer for fiscal policy than for monetary policy. d. The decision lag is shorter for fiscal policy than for monetary policy. Refer to section 9.3 of the prescribed textbook. Suppose that...

ECS1601 LATEST Exam Pack 2022 with notes and past assignments for revision. Assignments for 2021 Pack (1,2,3 and 4) all have been answered in detail. These are for 2021 the latest assignment memo's. Past Exam Paper Memos (Q & A) 2019 - 2020. Detailed notes included!

ECS1601 Assignment Exam/ Rationales Answers With A+ Grade Which one of the following statements is incorrect? [1] Money is different from income and wealth [2] Income refers to reward earned in exchange for offering factors of production in the production process [3] It is good to hold wealth in the form of money during periods of high inflation because the value is protected [4] Money functions as a medium of exchange because it is generally accepted in payment for goods and services -...