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Exam (elaborations)

ECS1500 Assignment 1 semester 2 due on 21 August 2023

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This document contains the solutions to ECS1500 assignment 1 for semester 2 due on 21 august, using this document will esnure a 90% plus marks.

Institution
University Of South Africa (Unisa)
Course
Economics 1500 (ECS1500)

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8/18/23, 9:56 PM Assessment 1: Attempt review


QUIZ




Started on Friday, 18 August 2023, 9:39 PM
State Finished
Completed on Friday, 18 August 2023, 9:56 PM
Time taken 16 mins 9 secs
Marks 36.00/40.00
Grade 90.00 out of 100.00
Feedback Well done! It is clear that you understand the content of
Learning Units 1 and 2.


Question 1
Correct

Mark 2.00 out of 2.00




Households are responsible for the spending on consumer goods.

Select one:
True
False



Your answer is correct. Well done!
Households are the economic units that take decisions on what to consume in the economy,
while business enterprises supply the goods and services that are available for consumption.
It is, of course true, that government may also purchase goods and services. However, we call
this government spending and not consumption. You will learn about this in learning unit 8.
The correct answer is 'True'.




https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=12383559&cmid=622789 1/19
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Institution
University of South Africa (Unisa)
Course
Economics 1500 (ECS1500)

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Number of pages
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Written in
2023/2024
Type
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  • ecs1500 assignment 1 semester 2 2023
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