Economics 101 Study guides, Class notes & Summaries

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Contents Concept 01: Development ..................................................................................................................... 3 Concept 02: Functional Ability ............................................................................................................. 6 Concept 03: Family Dynamics .............................................................................................................. 9 Concept 04: Culture ..........................................

Economics 101 Questions and Answers Already Passed economics the study of how people make choices under conditions of scarcity and of the results of those choices for society rational person someone with well-defined goals who tries to fulfill those goals as best as he or she can economic surplus the benefit of taking any action minus its cost opportunity cost the value of the next-best alternative that must be foregone in order to undertake the activity positive economics economic analysis ...

Chapter 01 The Economic Problem     
Multiple Choice Questions
  1. What do economists mean when they say that the economy faces scarcity? 
A. There are fewer resources available than there were in the 1960s.
B. It is quite evident that the world is running out of resources.
C. The economy is producing far below its capacity to produce.
D. The resources available are not sufficient to produce all that everyone wants.   
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Tutorial Letter 101/3/2023 Microeconomics ECS 2601 Semesters 1 and 2 Department of Economics Page 1 INTRODUCTION 3 2 PURPOSE AND OUTCOMES 3 2.1 Purpose 3 2.2 Outcomes 4 3 LECTURER(S) AND CONTACT DETAILS 4 3.1 Lecturer(s) 4 3.2 Department 4 3.3 University 5 4 RESOURCES 5 4.1 Prescribed book(s) 5 4.2 Recommended book(s) 6 4.3 Electronic reserves (e-reserves) 6 4.4 Library services and resources information 6 5 STUDENT SUPPORT SERVICES 6 ...

Well-structured COM3702 Assignment 3 PORTFOLIO (ANSWERS) Semester 2 2023 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). 1 INTRODUCTION [5] SEMESTER 2 NE=neNE ASSESSMENT 03 NE=neNE EXAMINATION PORTFOLIO NE=neNE 22 2 MEDIA POLICY AND REGULATION [20] 2.1 Internal and external media regulation Read the Film and Publication Bill to do the following: 2.1.1 Give a brief overview of the Bill and then discuss whether the Bill can be regarded as internal or external re...

TMS3709 Assignment 2 (COMPLETE ANSWERS) 2024 (591251) - DUE 15 May 2024 ;100% TRUSTED workings, explanations and solutions. .......... 1. Which teaching approach is encouraged during the Fourth Industrial Revolution? Give three (3) reasons for this. (4) 2. Which didactical principle is applicable when choosing a method for the teaching of Economics in the following examples? Just write down the name of the principle. 2.1 The teacher teaches the content of the curriculum as prescribed by the CAPS...

Tutorial Letter 101/3/2016 Economics 1B ECS1601

Tutorial Letter 101/3/2023 Microeconomics ECS 2601 Semesters 1 and 2 Department of Economics Page 1 INTRODUCTION 3 2 PURPOSE AND OUTCOMES 3 2.1 Purpose 3 2.2 Outcomes 4 3 LECTURER(S) AND CONTACT DETAILS 4 3.1 Lecturer(s) 4 3.2 Department 4 3.3 University 5 4 RESOURCES 5 4.1 Prescribed book(s) 5 4.2 Recommended book(s) 6 4.3 Electronic reserves (e-reserves) 6 4.4 Library services and resources information 6 5 STUDENT SUPPORT SERVICES 6 ...

7.5 Assignments 7.5.1 First semester assignments SEMESTER 1 ASSIGNMENT 01/2018 CLOSING DATE: 02 March 2018 UNIQUE NUMBER: WEIGHT: 40% of semester mark TL501: Learning units 1 – 4 Prescribed Book: Chapters 1 – 4 This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the University before the due date. Answer all the questions on a mark-reading sheet or on myUnisa. IMPORTANT! The first ten multiple choice questions of thi...