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Exam (elaborations)

ECS1601 Assignment 1 semester 2 due on 22 august 2023

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This document provides an Indepth solutions with proper explanations of the answers, the calculations and multiple attempts of the ECS1601 assignment 1 due on 22 August 2023. using this document will ensure 90% plus distinction.

Institution
University Of South Africa (Unisa)
Course
Economics IB (ECS1601)

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8/19/23, 8:18 AM Assessment 1: Attempt review



QUIZ




Started on Saturday, 19 August 2023, 7:41 AM
State Finished
Completed on Saturday, 19 August 2023, 8:18 AM
Time taken 36 mins 34 secs
Marks 32.00/40.00
Grade 80.00 out of 100.00

Question 1
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Mark 0.00 out of 2.00




The circular flow model reveals that a decrease in South African imports will … .

a. increase revenue to foreign firms
b. increase output and income in the rest of the world
c. decrease South African imports
d. increase revenue and domestic production in South Africa



In South Africa, this will encourage firms to produce locally without depending on foreign
imported inputs material.




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Institution
University of South Africa (Unisa)
Course
Economics IB (ECS1601)

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Uploaded on
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Number of pages
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Written in
2023/2024
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  • ecs1601 assignment 1 semester 2 due 22 august 2023

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