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ECS1601-Assignment 3-Semester 2-2022

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ECS1601 Assignment 3 Questions & Expected Answers 2022

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9/14/22, 11:08 AM Assessment 3: Attempt review




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Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 3

Started on Wednesday, 14 September 2022, 10:14 AM
State Finished
Completed on Wednesday, 14 September 2022, 11:06 AM
Time taken 52 mins 7 secs
Marks 21.00/25.00
Grade 84.00 out of 100.00


Question 1

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Within the mixed economy, _____________.



Select one:
a. households produce factors of production
b. firms generate income from the factor market
c. households and firms depend on each other to generate their income 
d. both households and firms are directly involved in production



Refer to section 1.5 in the prescribed textbook.




Question 2

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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.



Refer to section 1.4 in the prescribed textbook.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=5571619&cmid=213764 1/13

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