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ECS1601 ASSIGNMENT 4 2024 This question is based on the following equation which refers to a closed economy with no government: C = 100 + 0,75Y Which of the following statements is/are correct? a) When income is zero, private savings are -100. b) Th$2.93
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ECS1601 ASSIGNMENT 4 2024 This question is based on the following equation which refers to a closed economy with no government: C = 100 + 0,75Y Which of the following statements is/are correct? a) When income is zero, private savings are -100. b) Th
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Course
Economics IB (ECS1601)
Institution
University Of South Africa (Unisa)
Book
Economics for South African Students
ECS1601 ASSIGNMENT 4 2024
This question is based on the following equation which refers to a closed economy with no government: C = 100 + 0,75Y
Which of the following statements is/are correct?
a) When income is zero, private savings are -100.
b) The savings function is given by S = -100...
Ecs1500 Assignment 7 Semester 2 2024 Due date 30 September 2024 Time 09:00 PM ( current questions with answers) LAST chance to pass module
ECS1501 ASSESSMENT 9 2024 PERSONAL BMZ A perfectly competitive market is described as a market with a few rms producing differentiated goods. a large number of rms that each individually sets the...
Started on Tuesday, 3 September 2024, 5:36 PM
State Finished
Completed on Tuesday, 3 September 2024, 6:43 PM
Time taken 1 hour 6 mins
Question 1
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Identify the various leakages and injections into the circular flow of income and spending.
a) Leakages: imports, savings
b) Injection: exports, investment
c) Injection: X + I + G
d) Leakages: S+ Z
a. b and c
b. b, c and d
c. a, b, c and d
d. a and b
Question 2
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Which one of the following statements is true about causality and correlation?
a. An example of correlation is when an increase in the value of imports causes a rise in economic growth.
b. Causation between two variables proves correlation.
c. Causality between two variables always implies correlation.
d. Correlation between variables occurs when two variables have a relationship
In the circular flow of income and spending in South Africa, spending by firms in the factor market becomes ________
households, while ________ households in the goods market becomes ________.
a. income to; spending by; income to firms
b. spending by; spending by; income to firms
c. income to; income to; spending by firms
d. spending by; income to; income to firms.
Question 4
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Emily (who holds a master's degree in Economics and has five years of work experience) has been appointed as an
economics researcher at PricewaterhouseCoopers (PwC), a financial services company. At her workstation, she will be using
the Apple MacBook Air 13-inch laptop with a high-resolution screen display. The degree and experience she is bringing to the
company are considered a __________, while the laptop she will be using is an example of__________as a factor of production.
a. human capital; capital
b. human capital; labour
c. capital; entrepreneurship
d. entrepreneurship; technology
Question 5
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Which of the following statements regarding financial intermediaries is/are correct?
a) Financial intermediary channel funds from surplus economic units in the form of deposit.
b) Financial intermediaries channel funds from surplus economic to deficit economic units.
c) Financial intermediaries channel funds by granting credit to economic participance.
d) Melokuhle saves a portion of his salary at his local bank. We can conclude that Melokuhle is an example of a surplus unit.
a. a and c only
b. a and b only
c. a, b, c, and d
d. a, b, and c only
Which one of the following statements is/are correct about the total demand for money?
a) It is not affected by the interest rate but by the income level only.
b) It is affected by both the income level and the interest rate level.
c) It is not affected by the income but by the interest rate only.
a. b
b. b and c
c. a
d. c
Question 7
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When the income level increases, the demand for …..money increases, which results in a/an …..increase.
a. speculative; passive balance
b. transaction; active balance
c. transaction; passive balance
d. speculative; active balance
Question 8
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Zenokuhle applied for a credit card at Absa Bank a week ago and her application was approved. She now uses it to pay for
petrol and other essentials. Which of the following statements is true about credit card use?
a. Credit cards are a means to facilitate payment and cannot be regarded as money.
b. Credit cards are money because they function as a medium of exchange.
c. Credit cards are not seen as money.
d. Credit cards and electronic money are forms of money, as they can be used as means of payment.
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