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ECS1601-Assignment 3-Semester 2-2022

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ECS1601-Assignment 3-Semester 2-2022









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Uploaded on
September 14, 2022
Number of pages
13
Written in
2022/2023
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6/1/22, 10:15 AM Assessment 3: Attempt review




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Dashboard / Courses / UNISA / 2022 / Semester 1 / ECS1601-22-S1 / Online assessment / Assessment 3

Started on Thursday, 14 April 2022, 8:22 PM
State Finished
Completed on Thursday, 14 April 2022, 9:15 PM
Time taken 52 mins 9 secs
Marks 17.00/25.00
Grade 68.00 out of 100.00


Question 1

Correct

Mark 1.00 out of 1.00




Which one of the following statements regarding stock and flow variables is correct?



Select one:
a. Monthly saving is a flow variable that contributes to a stock variable. 
b. Household income is an example of a stock variable.
c. Government spending is an example of a stock variable.
d. Changes in the level of employment do not come about through flows.



Refer to box 2-6 in the prescribed textbook.




Question 2

Correct

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Within the mixed economy, _____________.



Select one:
a. households produce factors of production
b. firms generate income from the factor market
c. households and firms depend on each other to generate their income 
d. both households and firms are directly involved in production



Refer to section 1.5 in the prescribed textbook.





https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=2361005&cmid=117338 1/13

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