Exam (elaborations)
Ecs1501 Assignment 3 Semester 2 2023
- Course
- Institution
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
2 reviews
By: mlitabe13 • 3 months ago
By: valentiamagwaza0923 • 1 year ago
This is not for 2023 please do not download
Seller
Follow
SmartTutors
Reviews received
Content preview
8/27/23, 10:19 PM Assessment 3 (page 2 of 12)UNISA 2023 ECS1501-23-S2 Assessments Assessment 3
QUIZ
Time left 0:38:30
Question 2
Not yet answered
Marked out of 1.00
Because households have limited incomes, they must
save for the future
allocate their spending carefully
rarely take vacations
live below the poverty line
Clear my choice
Question 3
Not yet answered
Marked out of 1.00
Economics is
exclusively the study of business rms
the study of choice under conditions of scarcity
the study of the markets for stocks and bonds
fundamentally the same as sociology
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=12710347&cmid=622800&page=1 1/1
,8/27/23, 10:21 PM Assessment 3 (page 3 of 12)
UNISA 2023 ECS1501-23-S2 Assessments Assessment 3
QUIZ
Time left 0:36:49
Question 4
Not yet answered
Marked out of 1.00
Money costs and opportunity costs are concepts that are
used by tax accountants.
not related in any meaningful way.
used by economists to learn the most e cient level of output.
related through relative prices of goods and services.
Clear my choice
Question 5
Not yet answered
Marked out of 1.00
In economics, the necessity for choice arises from
high incomes and many goods.
scarcity of economic means for satisfying economic wants.
scarcity of time and knowledge, and numerous similar goods.
limited means to satisfy limited wants.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=12710347&cmid=622800&page=2 1/1
,8/27/23, 10:22 PM Assessment 3 (page 4 of 12)
UNISA 2023 ECS1501-23-S2 Assessments Assessment 3
QUIZ
Time left 0:35:40
Question 6
Answer saved
Marked out of 1.00
When a farmer decides to grow sugar cane instead of radishes, the farmer is
answering the ____ question.
"when"
"for whom"
"what"
"why"
Clear my choice
Question 7
Answer saved
Marked out of 1.00
The opportunity cost of any activity can be measured by the
time needed to select among various alternatives
value of the best alternative that is given up
price (or monetary costs) of the activity
level of technology
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=12710347&cmid=622800&page=3 1/1
, 8/28/23, 12:07 AM Assessment 3 (page 4 of 12)
UNISA 2023 ECS1501-23-S2 Assessments Assessment 3
QUIZ
Time left 0:35:19
Question 6
Not yet answered
Marked out of 1.00
When an economy cannot produce all the goods and services people wish to have it
is said to be experiencing
scarcity.
market failure.
excludability.
externalities.
Clear my choice
Question 7
Not yet answered
Marked out of 1.00
According to economists, one reason few professional athletes have PhD’s is that
the:
comparative cost of going to university is too high.
marginal cost of going to university is too high.
opportunity cost of going to university is too high.
marginal bene t of going to university is too high.
Clear my choice
https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=12712908&cmid=622800&page=3 1/1
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SmartTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.96. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78799 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now