ECS1601 ASSIGNMENT 8 FOR 2ND SEMESTER 2024

ECS1601
ASSIGNMENT 8 FOR 2ND SEMESTER 2024

, Started on Friday, 8 November 2024, 9:56 AM
State Finished
Completed on Friday, 8 November 2024, 10:25 AM
Time taken 29 mins 26 secs
Marks 24.00/29.00
Grade 8.28 out of 10.00 (82.76%)

Question 1
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Which of the following statements about the circular flow of production, income, and spending is/are
true?
(1) Firms are sellers in the factor market and buyers in the goods markets.
(2) In the real sector, both factors of production and goods and services are traded.
(3) In the circular flow of economic activity, the financial sector operates independently of the real
sector.
(4) Households are both sellers and buyers in the flow of economic activities.
Select one:

a.
(1) (4)


b.
(4)


c.
(1) (3) (4)


d.
(2) (3)

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Question 2
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Whatsapp Marlvin @ +2763 173 8181

, Which of the following is a final good or service?
Select one:

a.
Diesel fuel bought for a delivery truck

b.
Fertiliser purchased by a farm supplier

c.
Motor vehicle windows purchased by a motor assembly plant

d.
A haircut paid for by a student
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Question 3
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Which of the following Will cause the demand curve of money to shift to the right?
Select one:

a.
a drop in the repo rate

b.
an increase in the quantity of money available

c.
a decrease in the quantity of money available

d.
an increase in real GDP
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Question 4
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Whatsapp Marlvin @ +2763 173 8181