100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Exam (elaborations)

ECS2606 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (253465 ) - DUE 24 March 2025

Rating
5.0
(3)
Sold
10
Pages
16
Grade
A+
Uploaded on
12-02-2025
Written in
2024/2025

ECS2606 Assignment 1 (COMPLETE ANSWERS) Semester 1 2025 (253465 ) - DUE 24 March 2025; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us. .. 1. Explain and diagrammatically illustrate the impact that the Covid-19 -pandemic induced restrictions on economic activities imposed in many countries across the world in 2020/21 had on the materials balance principle. [10] 2. Explain with the aid of production possibility curves how your country could limit the production and consumption of future generations by current irresponsible consumption and production. [10] 3. Make use of appropriate examples to explain and distinguish between opportunity costs and external costs. ECS2603 ECS2604 [10] 4. Explain the difference between positive and normative economics and provide two examples in each case. [10] 5. Draw two graphs to explain how the impact of inelastic and elastic demand curves will differ if environmental policies are enforced. [10 ECS2605

Show more Read less
Institution
Course








Whoops! We can’t load your doc right now. Try again or contact support.

Connected book

Written for

Institution
Course

Document information

Uploaded on
February 12, 2025
Number of pages
16
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Content preview

ECS2606
Assignment 1 Semester 1 2025
Detailed Solutions, References & Explanations

Unique number: 253465

Due Date: 24 March 2025
QUESTION 1

The COVID-19 pandemic of 2020/21 significantly disrupted economic activities worldwide, with
governments imposing strict lockdowns to control the spread of the virus. These restrictions
had profound implications on the flow of materials within the economy, particularly affecting
production, consumption, and waste generation. The materials balance principle, which
explains the flow of raw materials from the environment through production and consumption
before returning as residuals, was altered significantly during this period.

The attached diagram represents the altered flow of materials within the economic system
during the COVID-19 pandemic. It highlights the reduction in industrial waste and consumer
residuals, as well as the increase in specific waste categories such as packaging and medical
supplies. The temporary relief to the environment is evident in reduced pollution levels, but the
risk of long-term environmental consequences remains if proper measures are not taken.


Terms of use
By making use of this document you agree to:
 Use this document as a guide for learning, comparison and reference purpose,
Terms of use
 Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
By making use of this document you agree to:
 Use this document
Fully accept the consequences
solely as a guide forshould you plagiarise
learning, reference,or and
misuse this document.
comparison purposes,
 Ensure originality of your own work, and fully accept the consequences should you plagiarise or misuse this document.
 Comply with all relevant standards, guidelines, regulations, and legislation governing academic and written work.

Disclaimer
Great care has been taken in the preparation of this document; however, the contents are provided "as is" without any express or
implied representations or warranties. The author accepts no responsibility or liability for any actions taken based on the
information contained within this document. This document is intended solely for comparison, research, and reference purposes.
Reproduction, resale, or transmission of any part of this document, in any form or by any means, is strictly prohibited.
CA$4.21
Get access to the full document:
Purchased by 10 students

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Reviews from verified buyers

Showing all 3 reviews
8 months ago

9 months ago

9 months ago

5.0

3 reviews

5
3
4
0
3
0
2
0
1
0
Trustworthy reviews on Stuvia

All reviews are made by real Stuvia users after verified purchases.

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
EduPal University of South Africa (Unisa)
Follow You need to be logged in order to follow users or courses
Sold
149165
Member since
7 year
Number of followers
35995
Documents
4318
Last sold
11 hours ago

4.2

13557 reviews

5
7805
4
2688
3
1790
2
455
1
819

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions