MNB3701 – ASSESSMENT 3 – S2 - 2023
Assessment 3
Started on Sunday, 3 September 2023.
State Finished
Completed on Sunday, 3 September 2023.
Time taken
Marks 16.00/20.00
Grade 80.00 out of 100.00
Question 1
The costs of pursuing one alternative in terms of the forgone benefits of
pursuing another alternative are known as ……………
a. Sunk costs
b. Forgone costs
c. Alternative costs
d. Opportunity costs
Feedback
The correct answer is: Opportunity costs
Question 2
What is the role of sovereign wealth funds?
a. To protect domestic industries
b. To implement interest and inflation rates
c. To restrict activities from other countries
d. To generate revenue through investments
Feedback
The correct answer is: To generate revenue through investments
Question 3
If country A, can produce both cheese and chocolate, the country must
determine how much labour goes into producing each good. If it takes one of
1
Assessment 3
Started on Sunday, 3 September 2023.
State Finished
Completed on Sunday, 3 September 2023.
Time taken
Marks 16.00/20.00
Grade 80.00 out of 100.00
Question 1
The costs of pursuing one alternative in terms of the forgone benefits of
pursuing another alternative are known as ……………
a. Sunk costs
b. Forgone costs
c. Alternative costs
d. Opportunity costs
Feedback
The correct answer is: Opportunity costs
Question 2
What is the role of sovereign wealth funds?
a. To protect domestic industries
b. To implement interest and inflation rates
c. To restrict activities from other countries
d. To generate revenue through investments
Feedback
The correct answer is: To generate revenue through investments
Question 3
If country A, can produce both cheese and chocolate, the country must
determine how much labour goes into producing each good. If it takes one of
1
