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Ecs1601 assignment 2 semester 2 2024
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Ecs1601 Assignment 2 2024Whatsapp 0 6 4 5 1 6 7 2 7 5
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UNISA 2024 ECS1601-24-Y_AS2 Introduction Assessment 2
QUIZ
Started on Tuesday, 23 July 2024, 1:50 PM
State Finished
Completed on Tuesday, 23 July 2024, 2:21 PM
Time taken 31 mins 11 secs
out of 18.00
Question 1
Complete
Mark 1.00 out of 1.00
The role of government is threefold. What are the three broad functions of
government?
a. equitable distribution, dispersal and stabilisation functions
b. allocative, dispersal and stabilisation functions
c. allocative, dispersal and equitable distribution functions
d. allocative, equitable distribution and stabilisation functions
On page 50 of the textbook, the need for government intervention or participation is
discussed and on page 46 of the study guide Part A, the three broad functions of
government are outlined, namely the allocative, distribution and the stabilisation
functions.
Question 2
Complete
Mark 1.00 out of 1.00
Tax evasion occurs when …
a. taxation causes people in the same position to be taxed differently.
b. people pay tax according to their ability
c. households legally alter their behavior to avoid paying tax.
d. people do not pay the taxes that they are supposed to pay.
Tax evasion is illegal, refers to avoiding the true tax liability by not declaring the
pro t or income made to the receiver of revenue, and is subject to criminal charges.
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Question 3
Complete
Mark 1.00 out of 1.00
Which one of the following statements on nationalisation and privatisation is
correct?
a. Privatisation is the transfer of ownership from private enterprise to
government.
b. One of the arguments in favour of privatisation is that the privatised rm
may attract direct foreign investment.
c. Commercialisation the same as privatisation.
d. Nationalisation is the transfer of ownership from the public sector to the
private sector.
It is argued that privatisation will eliminate the shortcomings of nationalisation,
such as bureaucracy, a lack of creativity and innovation, and poor corporate
governance. Privatisation with greater accountability, higher levels of productivity,
low levels of bureaucracy, higher levels of creativity and innovation, and good
corporate governance will thus attract higher levels of direct foreign investment,
which could lead to higher levels of economic growth and lower levels of
unemployment in the economy.
Question 4
Complete
Mark 1.00 out of 1.00
Which of the following statements is/are correct criteria of the good tax?
a. Good taxation should have more possible effects of distorting relative prices.
b. It is regarded as good tax if various taxpayers with different incomes are
taxed the same.
c. It is regarded as good tax if the tax burden is spread fairly among various
taxpayers.
d. Administrative simplicity in the tax system ensures neutrality and equality.
a. a, b and d
b. b, c and d
c. a, b, c and d
d. c and d.
Only statements c and d are correct about criteria for good taxes.
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Question 5
Complete
Mark 1.00 out of 1.00
Which one of the following statements is appropriate about government action to
stimulate economic activities?
a. Decreasing both repo rate and taxation.
b. Increasing both taxation and the repo rate.
c. Decreasing taxation.
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