ECS2602 ASSESSMENT 3 SEMESTER 2 2024 Which one of the following statements is INCORRECT? In our analysis of the labour market, we assume the following: Select one: A. Labour is the only factor of production used in the production of output. B. The price o

PASSMATE TUTORIALS



DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE REPORT IS NOT
PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A POSSIBLE
SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS ASSIGNMENT IS
INTENDED TO ASSIST STUDENTS IN GETTING STARTED WITH THEIR ASSIGNMENT,
AND IN NO CASE THIS DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE
THIS WILL BE A GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT WAS
PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY EXISTING
THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE AUTHORS
HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE MODIFICATION OF
THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT BE PROHIBITED AS IT
CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR ANY FURTHER GUIDELINE
ABOUT THE INFORMATION CONTAINED HERE AND THE MODULE IN GENERAL,
CONTACT PASSMATE TUTORIALS.

WE ASSIST WITH OTHER MODULES INCLUDING:

ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC, QMI, MNMs,
MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.

WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION PREPARATION,
RESEARCH AND RESEARCH PROPOSALS, DISSERTATION EDITING etc.

OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS INSTITUTIONS
INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON, STADIO, OLG, UJ, UP etc

For any enquiries the following numbers can be used for calling, SMS, WhatsApp and
telegram

CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144




PLEASE READ THE NEXT PAGE!!!!!!!!!!!!!!!!




1
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

,Which one of the following, according to the wage-setting relationship, is NOT an
institutional factor that may affect the outcome of wage setting?

Select one:

A. the unemployment rate

B. labour law protection

C. minimum wages

D. unemployment benefits

,8/29/24, 12:49 AM Assessment 3 (page 26 of 30)




ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 3

QUIZ




Question 26

Answer saved

Marked out of 1.00




Which one of the following statements is INCORRECT?

In our analysis of the labour market, we assume the following:


Select one:
A. Labour is the only factor of production used in the production of
output.

B. The price of oil and other raw material increases over time.

C. Labour productivity is constant.

D. The price of products set by firms is based on cost plus a markup.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21526333&cmid=848063&page=25 1/1

, 8/29/24, 12:48 AM Assessment 3 (page 22 of 30)




ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 3

QUIZ




Question 22

Answer saved

Marked out of 1.00




Give the wage-setting equation W = PeF(u,z), wage bargaining is struck in
nominal terms and the factors that will impact the nominal wages are the ____


Select one:
A. actual price level, the unemployment rate, and labour laws.



B. actual price level, expected price level, and unemployment benefits.

C. expected price level, the unemployment rate, and factors such as
labour laws.

D. unemployment rate, and the markup.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=21526333&cmid=848063&page=21 1/1