ECS3702 LATEST EXAM
PACK 2025
QUESTIONS AND ANSWERS
For assistance contact
Email:
, lOMoARcPSD|31863004
Contents
PAST ASSIGNMENTS (MCQ) ................................................................................................................. 3
2021 ASSIGNMENTS ........................................................................................................................... 3
2020 ASSIGNMENTS ......................................................................................................................... 24
SEMESTER 1 ....................................................................................................................................... 24
Assignment 01 .................................................................................................................................. 24
Assignment 02 .................................................................................................................................. 32
SEMESTER 2 ....................................................................................................................................... 39
Assignment 01 .................................................................................................................................. 39
Assignment 02 .................................................................................................................................. 46
2019 ASSIGNMENTS ......................................................................................................................... 53
SEMESTER 1 ....................................................................................................................................... 53
Assignment 01 .................................................................................................................................. 53
Assignment 02 .................................................................................................................................. 61
SEMESTER 2 ....................................................................................................................................... 68
Assignment 01 .................................................................................................................................. 68
Assignment 02 .................................................................................................................................. 77
2018 ASSIGNMENTS ......................................................................................................................... 84
SEMESTER 1 ....................................................................................................................................... 84
Assignment 1 .................................................................................................................................... 84
Assignment 02 .................................................................................................................................. 93
PAST EXAM QUESTIONS (LONG QUESTIONS)........................................................................... 102
OCTOBER/ NOVEMBER 2019 ............................................................................................................ 102
Question 1 ........................................................................................................................................... 102
Question 2 ........................................................................................................................................... 103
1
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Question 3 ........................................................................................................................................... 108
Question 4 ........................................................................................................................................... 115
OCTOBER/ NOVEMBER 2018 ............................................................................................................ 119
Question 1 ........................................................................................................................................... 119
Question 2 ........................................................................................................................................... 124
Question 3 ........................................................................................................................................... 126
Question 4 ........................................................................................................................................... 129
MAY/ JUNE 2018 ................................................................................................................................... 137
Question 1 ........................................................................................................................................... 137
Question 2 ........................................................................................................................................... 139
Question 3 ........................................................................................................................................... 143
Question 4 ........................................................................................................................................... 148
Question 5 ........................................................................................................................................... 149
2
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PAST ASSIGNMENTS (MCQ)
2021 ASSIGNMENTS
1. International economics is concerned with
(1) The flow of goods and service and payments among nations
(2) Policies directed at regulating the flow of goods, services and payments
(3) The effects of policies on the welfare of a nation
(4) All of the above
2. An increase in the rand price of a foreign currency will usually
(1) Benefit South African exporters
(2) Benefit South African importers
(3) Benefit South African importers and exporters
(4) Harm South African importers and exporters
An increase in the rand price of a foreign currency indicates a depreciation of the
rand. Therefore, South African exporters will benefit as South African produced
goods are now cheaper.
3. According to the mercantilists, trade is a ----------------, however, subsequent trade
theories have argued that trade is a --------------------
(1) Negative sum game, zero sum game
(2) zero sum game, negative sum game
(3) zero sum game, positive sum game
(4) Positive sum game, negative sum game
4. The mercantilists’ argument was based on the idea that
(1) all nations benefited from trade
3
PACK 2025
QUESTIONS AND ANSWERS
For assistance contact
Email:
, lOMoARcPSD|31863004
Contents
PAST ASSIGNMENTS (MCQ) ................................................................................................................. 3
2021 ASSIGNMENTS ........................................................................................................................... 3
2020 ASSIGNMENTS ......................................................................................................................... 24
SEMESTER 1 ....................................................................................................................................... 24
Assignment 01 .................................................................................................................................. 24
Assignment 02 .................................................................................................................................. 32
SEMESTER 2 ....................................................................................................................................... 39
Assignment 01 .................................................................................................................................. 39
Assignment 02 .................................................................................................................................. 46
2019 ASSIGNMENTS ......................................................................................................................... 53
SEMESTER 1 ....................................................................................................................................... 53
Assignment 01 .................................................................................................................................. 53
Assignment 02 .................................................................................................................................. 61
SEMESTER 2 ....................................................................................................................................... 68
Assignment 01 .................................................................................................................................. 68
Assignment 02 .................................................................................................................................. 77
2018 ASSIGNMENTS ......................................................................................................................... 84
SEMESTER 1 ....................................................................................................................................... 84
Assignment 1 .................................................................................................................................... 84
Assignment 02 .................................................................................................................................. 93
PAST EXAM QUESTIONS (LONG QUESTIONS)........................................................................... 102
OCTOBER/ NOVEMBER 2019 ............................................................................................................ 102
Question 1 ........................................................................................................................................... 102
Question 2 ........................................................................................................................................... 103
1
, lOMoARcPSD|31863004
Question 3 ........................................................................................................................................... 108
Question 4 ........................................................................................................................................... 115
OCTOBER/ NOVEMBER 2018 ............................................................................................................ 119
Question 1 ........................................................................................................................................... 119
Question 2 ........................................................................................................................................... 124
Question 3 ........................................................................................................................................... 126
Question 4 ........................................................................................................................................... 129
MAY/ JUNE 2018 ................................................................................................................................... 137
Question 1 ........................................................................................................................................... 137
Question 2 ........................................................................................................................................... 139
Question 3 ........................................................................................................................................... 143
Question 4 ........................................................................................................................................... 148
Question 5 ........................................................................................................................................... 149
2
, lOMoARcPSD|31863004
PAST ASSIGNMENTS (MCQ)
2021 ASSIGNMENTS
1. International economics is concerned with
(1) The flow of goods and service and payments among nations
(2) Policies directed at regulating the flow of goods, services and payments
(3) The effects of policies on the welfare of a nation
(4) All of the above
2. An increase in the rand price of a foreign currency will usually
(1) Benefit South African exporters
(2) Benefit South African importers
(3) Benefit South African importers and exporters
(4) Harm South African importers and exporters
An increase in the rand price of a foreign currency indicates a depreciation of the
rand. Therefore, South African exporters will benefit as South African produced
goods are now cheaper.
3. According to the mercantilists, trade is a ----------------, however, subsequent trade
theories have argued that trade is a --------------------
(1) Negative sum game, zero sum game
(2) zero sum game, negative sum game
(3) zero sum game, positive sum game
(4) Positive sum game, negative sum game
4. The mercantilists’ argument was based on the idea that
(1) all nations benefited from trade
3
