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ECS1500 ASSESSMENT 7 OF SEM 2 , 2023 EXPECTED QUESTIONS AND ANSWERS $5.54   Add to cart
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Exam (elaborations)

ECS1500 ASSESSMENT 7 OF SEM 2 , 2023 EXPECTED QUESTIONS AND ANSWERS

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  • Course
  • ECS1500 - Economics 1500
  • Institution
  • University Of South Africa (Unisa)

ECS1500 ASSESSMENT 7 OF SEM 2, 2023 EXPECTED QUESTIONS AND ANSWERS, USING IT CORRECTLY AS A GUIDE TO REVISION WILL HELP YOU SCORE ABOVE 80% IN YOUR ASSESSMENT

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Document information

  • November 12, 2022
  • 149
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ecs1500 assessment 7
  • ecs 1500 assignment 7
  • ecs1500
  • ecs1501
  • ecs1601
  • tax1501
  • mac1501
  • dsc1520
  • dsc1630
  • mac2601
  • mac602
  • bnu1501
  • mat1501
  • qmi1501
  • sta1501
  • sta1510
  • st1610
  • sta1502
  • dsc1630 inv2691
  • inv2602
  • fin2601

Written for

  • University of South Africa (Unisa)
  • ECS1500 - Economics 1500
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Started on Saturday, 12 November 2022, 11:17 AM
State Finished
Completed on Saturday, 12 November 2022, 11:42 AM
Time taken 24 mins 47 secs
Marks 50.00/60.00
Grade 83.33 out of 100.00

Question 1
Correct

Mark 2.00 out of 2.00




The largest part of South Africa's exports consists of manufactured products.


Select one:
a. True
b. False



The correct answer is: True

,Question 2
Incorrect

Mark 0.00 out of 2.00




The monetary system is the only form of exchange system.



Select one:
a. False

b. True



The correct answer is: False

,Question 3
Correct

Mark 2.00 out of 2.00




When the government charges high income groups in the economy a tax rate of 45%, and use this tax to finance social welfare paym
earners, this forms part of the … function of government.




Select one:
a. allocation

b. regulation

c. distribution

d. stabilisation



The correct answer is: distribution

, Question 4
Correct

Mark 2.00 out of 2.00




Which one of the following statements provides a correct definition for privatisation?


Select one:
a. Private companies refuse to pay for street lights because they are not open at night.
b. Crime increases due to policy failure and this results in growth of the private security industry in the country.
c. One company can provide the total demand for a certain good or service in an area.
d. Certain goods and services that were previously supplied by government are now supplied by the private sector.



The correct answer is: Certain goods and services that were previously supplied by government are now supplied by the private secto

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