100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
ECS1601 ASSESSMENT 9 alternative to 1 2024 Which of the following best describes natural resources? Select one: a. They are unlimited in supply. b. They are remunerated by rent. c. They consist of machines, buildings and tools. d. They can be repla$2.87
Add to cart
ECS1601 ASSESSMENT 9 alternative to 1 2024 Which of the following best describes natural resources? Select one: a. They are unlimited in supply. b. They are remunerated by rent. c. They consist of machines, buildings and tools. d. They can be repla
32 views 0 purchase
Course
Economics IB (ECS1601)
Institution
University Of South Africa (Unisa)
Book
Economics for South African Students
ECS1601 ASSESSMENT 9 alternative to 1 2024
Which of the following best describes natural resources?
Select one:
a. They are unlimited in supply.
b. They are remunerated by rent.
c. They consist of machines, buildings and tools.
d. They can be replaced.
In the circular ow of goods ...
ECS1601 ASSIGNMENT 08 SEMESTER 2 2024 One of the objectives of the South African Reserve Bank is in ation targeting, and the in ation target for South Africa is between 3 and 6 per cent. There happe...
All for this textbook (103)
Written for
University of South Africa (Unisa)
Economics IB (ECS1601)
All documents for this subject (168)
Seller
Follow
BMZAcademy
Reviews received
Content preview
BMZ ACADEMY
BMZ ACADEMY
BMZ ACADEMY Page 1 of 14
1|Page
,8/4/24, 5:02 AM Assessment 9: Alternative Assessment 1: Attempt review
Started on Sunday, 4 August 2024, 4:36 AM
State Finished
Completed on Sunday, 4 August 2024, 4:54 AM
Time taken 18 mins 45 secs
Marks 15.00/16.00
Grade 9.38 out of 10.00 (93.75%)
Question 1
Complete
Mark 1.00 out of 1.00
Which of the following statements is true with regard to injection and leakage in the domestic economy?
Select one:
a. The income gains by households and firms in the circular flow of income and spending are injections.
b. Government spending on imports is an injection because money is added to the circular flow of income and
spending.
c. Spending by foreign countries on a domestic economy constitutes an injection in the circular flow of income and
spending.
d. Injection occurs when there is an outflow of money from the circular flow of income and spending to the
government.
Question 2
Complete
Mark 1.00 out of 1.00
Which one of the following statements describe a leakage from the circular flow of income and spending in South Africa?
Select one:
a. Investment by a Lesotho beer company in a new brewery in South Africa.
b. A decision by a major supermarket chain to sell chicken from Brazil.
c. The sale of fruit exports to the European Union.
d. Defence expenditure by South African government, via contracts with local companies.
,8/4/24, 5:02 AM Assessment 9: Alternative Assessment 1: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
Which of the following best describes natural resources?
Select one:
a. They are unlimited in supply.
b. They are remunerated by rent.
c. They consist of machines, buildings and tools.
d. They can be replaced.
Question 4
Complete
Mark 1.00 out of 1.00
In the circular flow of goods and services______
Select one:
a. households are the suppliers of factors of production in the goods market.
b. households combine various production inputs to produce outputs or goods and services.
c. firms buy factors of production from households in the good market.
d. production inputs offered for sale on the factor market are traded by households.
Question 5
Complete
Mark 1.00 out of 1.00
Which of the following statements about the circular flow of production, income, and spending is/are true?
(1) Firms are sellers in the factor market and buyers in the goods markets.
(2) In the real sector, both factors of production and goods and services are traded.
(3) In the circular flow of economic activity, the financial sector operates independently of the real sector.
(4) Households are both sellers and buyers in the flow of economic activities.
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 BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.87. You're not tied to anything after your purchase.
