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Well-structured ECS1601 Assignment 7 (ANSWERS) 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... Question 1 (5 marks) Maximum word count: 100 words 1.1 Suppose you live in South Africa and have the option to buy proudly South African products or international brands. With reference to the circular flow of goods and services and the circular flow of income and spending between households, firms, government and the foreign sector, provide an explanation as to why ...

This document contains workings, explanations and solutions to the ECS3702 Assignment 2 (QUALITY ANSWERS) Semester 2 2024. For assistance whats-app us on 0.6.8..8.1.2..0.9.3.4... Question 1A Use the hypothetical information in the table below to answer the questions that follow: Output/hr Unos Tres Cellphones (ton/hr) 18 6 Candles (ton/hr) 6 8 (i) Identify the product of absolute advantage and disadvantage for both Unos and Tres. Explain your answer. [4 marks] (ii) From your answer ...

ECS2602 - ASSIGNMENT 3 - SEMESTER 2.Detailed working, solutions, memo, notes & explanations.Question 1 of 15 This question is based on the following diagram of an IS-LM model for an open economy A decrease in government spending causes ... A. a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a depreciation of the domestic currency and the trade balance deteriorates as exports increases. B. a decrease in the demand for goo...

ECS2603 Assignment 4 Semester 2 2023 (Solutions/answers) questions: Question 1 Answer saved Marked out of 3.00 Flag question Question text Which of the following statements with regards to inflation are correct? Inflation is defined as a sustained increase in the general price level. This implies that for inflation to occur, it is sufficient for only the price of oil to increase. Inflation is a sustained increase in the general price level. This means that there is an overall increa...

ECS1601 ASSESSMENT 1 2024 Which of the following statements is true with regard to injection and leakage in the domestic economy? Select one: a. The income gains by households and rms in the circular ow of income and spending are injections. b. Government spending on imports is an injection because money is added to the circular ow of income and spending. c. Spending by foreign countries on a domestic economy constitutes an injection in the circular ow of income and spending. d. In...

Question 1: Correcting a Trade Deficit Using Exchange Rates Explanation: A trade deficit occurs when a country's imports exceed its exports. For South Africa, this means that more goods and services are being bought from the rest of the world than are being sold. To correct a trade deficit, one approach is to influence exchange rates. Exchange Rate Mechanism: The exchange rate is the price of one currency in terms of another. If South Africa has a trade deficit, it may devalue its c...

Mark Scheme (Results) Summer 2023 Pearson Edexcel GCE In Economics A (9EC0) Paper 03: Microeconomics & Macroeconomics Edexcel and BTEC Qualifications Edexcel and BTEC qualifications are awarded by Pearson, the UK’s largest awarding body. We provide a wide range of qualifications including academic, vocational, occupational and specific programmes for employers. For further information visit our qualifications websites at or . Alternatively, you can get in touch with us using the det...

AQA A-level ECONOMICS 7136/2 Paper 2 National and International Economy Version: 1.0 Final IB/G/Jun23/E6 7136/2 Monday 22 May 2023 Afternoon Time allowed: 2 hours Materials For this paper you must have: • an AQA 12-page answer book • a calculator. Instructions • Use black ink or black ball-point pen. Pencil should only be used for drawing. • Write the information required on the front cover of your answer book. The Paper Reference is 7136/2. • In Section A, answer EIT...

Well-structured ECS3702 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..Question 1A Use the hypothetical information in the table below to answer the questions that follow: Output/hr Unos Tres Cellphones (ton/hr) 18 6 Candles (ton/hr) 6 8 (i) Identify the product of absolute advantage and disadvantage for both Unos and Tres. Explain your answer. [4 marks] (ii) From your answer in (i) above, explain whether trade is possi...

Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated GDP -Answer-the market value of all FINAL goods and services produced in a country during a period of time. GDP equation -Answer-GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption -Answer-expenditures made by households (excluding the purchase of a new house) Investment -Answer-Final goods and services purchased by business firms (equipment for production and new buildings), changes in i...