THE BMZ ACADEMY
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 13
,6/13/26, 6:16 PM Assessment 2: Attempt review
UNISA 2026 ECS1601-26-Y Welcome Message Assessment 2
QUIZ
Started on Saturday, 13 June 2026, 5:02 PM
State Finished
Completed on Saturday, 13 June 2026, 6:16 PM
Time taken 1 hour 14 mins
Question 1
Complete
Marked out of 1.00
Which of the following is an example of a financial transaction in a financial account?
a. purchase of foreign bonds and stocks
b. charitable donations to foreign countries
c. payment for transportation services
d. imports of consumer goods
Question 2
Complete
Marked out of 1.00
Exports increase while imports decrease. What is their combined effect on GDP?
a. GDP becomes negative.
b. No change occurs.
c. GDP rises.
d. GDP falls.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=33857697&cmid=1300230 1/11
,6/13/26, 6:16 PM Assessment 2: Attempt review
Question 3
Complete
Marked out of 1.00
Refer to the diagram below showing the hypothetical production possibilities of Zimbabwe and South Africa.
Based on the diagram above, which ONE of the following statements is correct?
a. South Africa’s opportunity cost of producing cigarettes is lower than that of Zimbabwe.
b. Zimbabwe has a comparative advantage in cigarette production.
c. Zimbabwe has an absolute advantage in cigarette production.
d. South Africa should import fruit juice from Zimbabwe.
Information
South Africa and Brazil both produce wine and machinery. The table below shows the number of labour hours required to
produce one unit of each good.
Country Wine (hours) Machinery (hours)
South Africa 10 20
Brazil 15 30
Question 4
Complete
Marked out of 1.00
What is the opportunity cost of producing 1 unit of machinery in South Africa?
a. 2 units of wine
b. 0.5 units of wine
c. 3 units of wine
d. 1 unit of wine
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, 6/13/26, 6:16 PM Assessment 2: Attempt review
Question 5
Complete
Marked out of 1.00
Which country has an absolute advantage in the production of wine?
a. Neither country
b. South Africa
c. Both countries
d. Brazil
Information
Using the following Keynesian model in a closed economy, answer the questions that follow:
Question 6
Complete
Marked out of 1.00
If investment increases from 500 to 600, the new equilibrium income will be:
a. 3400
b. 3800
c. 3600
d. 3100
Information
The table below shows South Africa’s GDP at current prices (billions of US dollars) based on IMF data:
Years GDP(Current Prices)
2023 381.3
2024 401.0
2025 427.1
Source: IMF World Economic Outlook (2025)
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=33857697&cmid=1300230 3/11
THE BMZ ACADEMY
053 8213
BMZ ACADEMY 061 262 1185/068 053 8213Page 1 of 13
,6/13/26, 6:16 PM Assessment 2: Attempt review
UNISA 2026 ECS1601-26-Y Welcome Message Assessment 2
QUIZ
Started on Saturday, 13 June 2026, 5:02 PM
State Finished
Completed on Saturday, 13 June 2026, 6:16 PM
Time taken 1 hour 14 mins
Question 1
Complete
Marked out of 1.00
Which of the following is an example of a financial transaction in a financial account?
a. purchase of foreign bonds and stocks
b. charitable donations to foreign countries
c. payment for transportation services
d. imports of consumer goods
Question 2
Complete
Marked out of 1.00
Exports increase while imports decrease. What is their combined effect on GDP?
a. GDP becomes negative.
b. No change occurs.
c. GDP rises.
d. GDP falls.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=33857697&cmid=1300230 1/11
,6/13/26, 6:16 PM Assessment 2: Attempt review
Question 3
Complete
Marked out of 1.00
Refer to the diagram below showing the hypothetical production possibilities of Zimbabwe and South Africa.
Based on the diagram above, which ONE of the following statements is correct?
a. South Africa’s opportunity cost of producing cigarettes is lower than that of Zimbabwe.
b. Zimbabwe has a comparative advantage in cigarette production.
c. Zimbabwe has an absolute advantage in cigarette production.
d. South Africa should import fruit juice from Zimbabwe.
Information
South Africa and Brazil both produce wine and machinery. The table below shows the number of labour hours required to
produce one unit of each good.
Country Wine (hours) Machinery (hours)
South Africa 10 20
Brazil 15 30
Question 4
Complete
Marked out of 1.00
What is the opportunity cost of producing 1 unit of machinery in South Africa?
a. 2 units of wine
b. 0.5 units of wine
c. 3 units of wine
d. 1 unit of wine
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=33857697&cmid=1300230 2/11
, 6/13/26, 6:16 PM Assessment 2: Attempt review
Question 5
Complete
Marked out of 1.00
Which country has an absolute advantage in the production of wine?
a. Neither country
b. South Africa
c. Both countries
d. Brazil
Information
Using the following Keynesian model in a closed economy, answer the questions that follow:
Question 6
Complete
Marked out of 1.00
If investment increases from 500 to 600, the new equilibrium income will be:
a. 3400
b. 3800
c. 3600
d. 3100
Information
The table below shows South Africa’s GDP at current prices (billions of US dollars) based on IMF data:
Years GDP(Current Prices)
2023 381.3
2024 401.0
2025 427.1
Source: IMF World Economic Outlook (2025)
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=33857697&cmid=1300230 3/11
