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ECS1601 ASSIGNMENT 8 FOR 2ND SEMESTER 2024

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University Of South Africa (Unisa)
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Economics IB (ECS1601)
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ECS1601 ASSIGNMENT 8 FOR 2ND SEMESTER 2024

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ECS1601
ASSIGNMENT 4 FOR 2ND SEMESTER 2024




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, Started on Wednesday, 28 August 2024, 10:07 PM
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Completed on Wednesday, 28 August 2024, 10:30 PM
Time taken 23 mins 3 secs
Question 1
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Question text
Which one of the following is NOT a purpose of economic theory?


a.
to describe what happens in the real world.

b.
to serve as a basis for policy decisions.

c.
to help us explain what is happening in the economy.

d.
to help us predict what will happen if something changes.

e.
to help us to understand what is happening in all aspects of the real world.

Question 2
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Question text
Households are confronted with………, but with ………resources with which to satisfy those wants.


a.
unlimited wants; limited

b.
limited wants; limited

c.
limited wants; unlimited



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