100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
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 happens to be an excess demand for goods and services, which$2.83
Add to cart
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 happens to be an excess demand for goods and services, which
9 views 0 purchase
Course
Economics IB (ECS1601)
Institution
University Of South Africa (Unisa)
Book
Economics for South African Students
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 happens to be an excess demand for goods and services, which has led to an increase in
the general ...
ECS1601 Assignment 7 (COMPLETE ANSWERS) 2024 - DUE 29 October 2024
ECS1601 Assignment 7 (COMPLETE ANSWERS) 2024 - DUE 29 October 2024 - Course Economics IB (ECS1601)
All for this textbook (101)
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
@061 262 1185/068 053 8213
BMZ ACADEMY 061 262 1185/068 053 8213
, ECS1601-24-Y_ASS8 Introduction Assessment 8
QUIZ
Started on Saturday, 9 November 2024, 10:05 AM
State Finished
Completed on Saturday, 9 November 2024, 10:28 AM
Time taken 23 mins 12 secs
Marks 29.00/29.00
Grade 10.00 out of 10.00 (100%)
Question 1
Correct
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. Defence expenditure by South African government, via contracts with local
companies.
c. The sale of fruit exports to the European Union
d. A decision by a major supermarket chain to sell chicken from Brazil
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following statements regarding stock and flow variables is
correct?
Select one:
a. Household income is an example of a stock variable.
b. Changes in the level of employment do not come about through flows.
c. Monthly saving is a flow variable that contributes to a stock variable.
d. Government spending is an example of a stock variable.
,Question 3
Correct
Mark 1.00 out of 1.00
A News Website headline reads: “SARB Reduces Repo Rate for Third Time This
Year.” This headline indicates that the SARB is most likely trying to…
Select one:
a. decrease the cost of credit.
b. increase the SARB current market rates.
c. increase the liquidity deficit of the private banks.
d. decrease inflationary pressures in the economy.
Question 4
Correct
Mark 1.00 out of 1.00
An open-market policy by the South African Reserve Bank may involve …
(a) selling of government bonds to increase the liquidity deficit of the banks.
(b) buying of government bonds to increase the liquidity deficit of the banks.
(c) selling of government bonds to contribute to lower interest rates.
(d) buying of government bonds to contribute to lower interest rates.
Select one:
a. only (a) and (c) are correct
b. only (b) and (c) are correct
c. only (b) and d) are correct
d. only (a) and (d) are correct
Question 5
Correct
Mark 1.00 out of 1.00
Which of the following could be expected should government plan to apply an
expansionary fiscal policy?
Select one:
a. an increase in the tax rate
b. a decrease in the interest rate
c. a decrease in government spending
d. an increase in the budget deficit
, Question 6
Correct
Mark 1.00 out of 1.00
Neutrality of taxes means that…
Select one:
a. the tax burden is spread equally amongst taxpayers.
b. taxes have a minimum distortionary effect on relative prices.
c. people pay taxes according to their ability to pay.
d. administration costs of a tax system are kept as low as possible.
Question 7
Correct
Mark 1.00 out of 1.00
In the country Kingdom, rich people pay a larger percentage of their income towards
tax than poor people. This type of tax satisfies which criteria for a good tax?
Select one:
a. Administrative simplicity
b. Horizontal equity
c. Vertical equity
d. Neutrality
Question 8
Correct
Mark 1.00 out of 1.00
A depreciation of the rand against the US dollar Will lead to a decrease in
Select one:
a. the price of imported goods in South Africa
b. the number of tourists from the USA visiting South Africa
c. the price of petrol in South Africa
d. the price of South African products sold in the USA
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 BMZAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.83. You're not tied to anything after your purchase.
