Ecs 1601 - Study guides, Class notes & Summaries

THIS DOCUMENT CONTAINS EXPECTED ANSWERS TO ECS1501 ASSESSMENT 4, USING IT CORRECTLY WILL INSURE A SCORE NOT LESS THAN 75%

POSSIBLE ANSWERS FOR ECONOMICS 1601 ASSIGNMENT NO 6 2022

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 alternative is [5]. Explanation In the goods market of the circular flow model, consumers receive income in the form of salaries and wages, interest, rent and profit an...

If a fall in the price level results in a decline in interest rates, the latter may result in an increased outflow of capital in pursuit of higher interest rates overseas and/or a decline in capital inflows, because domestic interest rates are less attractive than before. This would result in a greater demand for foreign currency and a lower demand for the rand, which will give rise to a depreciation of the rand against the major currencies. The weaker rand, in turn, will tend to boost expor...

ECS 1601 QUIZ STUDY UNIT 4

This document contains all questions and answers for assignment 7 with distinctions on all seven attempts of the assignment. Some questions are repetitive and some are not, enjoy!

S - The study-notes marketplaceECS1601 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 alternative is [5]. Explanation In the goods market of the circular flow model, consumers receive income in the form o...

Reference: Prescribed book PG 315  Spending may be equal to production and income. In this case production and income are at their equilibrium levels – there is no tendency to change.  Spending may be greater than production and income. In this case production and income will tend to increase. They are therefore not at their equilibrium levels.  Spending may be less than production and income. In this case production and income will tend to fall. They are therefore not at their ...

THIS DOCUMENT CONTAINS FAC1601 ASSESSMENT 1 RETAKE OF 2022 SUGGESTED SOLUTIONS ENSURING YOU SCORE ABOVE 75%

ECS 1601 Assessment 3_ Attempt review 2023