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Exam (elaborations)

ECS1601 EXAM MEMO

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ECS1601 - Economics IB (ECS1601)
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EXAM MEMO GUARENTEED REPEAT

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UNISA Exam Memo October/November 2012 ECS1601

SECTION A (50 MARKS)
QUESTION 1 (8 MARKS)

(i) (4 marks)
 durability,
 divisibility,
 portability
 Uniformity

(ii) (4 marks) (any 4)
 Balance of payments
 Dumping
 Export subsidies
 Infant industries
 Employment
 Government revenue
 National security

QUESTION 2 (12 MARKS)
(i) (2 marks)




1

, (ii) (3 marks)




 Monetary policy and/ or fiscal policy can be used to reduce stagflation. (1 mark)



(iii) (6 marks)




 Monetary transmission mechanism – the way in which changes in the monetary sector are
transmitted to the rest of the economy.



2

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