IA
ECS1501 ASSIGNMENT 2
FOR SEMESTER 1 2025
FEND TUTORIALS
, Started on Wednesday, 11 June 2025, 1:08 PM
State Finished
Completed on Wednesday, 11 June 2025, 2:08 PM
Time taken 59 mins 28 secs
Marks 43.00/50.00
Grade 86.00 out of 100.00
Feedback Excellent work! You seem to understand the content of Topics 5 to 6.3. Please read the
agree with the explanations provided.
Note that
you are allowed to submit two attempts for this assessment. If you take two att
towards your final credits.
you must wait 24 hours before you can attempt the assessment again.
Question 2
Not yet answered
Marked out of 1.00
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Question text
Investment is a stock variable.
True
False
Clear my choice
Question 3
Not yet answered
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Question text
Members of households are called consumers.
True
False
Question 4
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Marked out of 1.00
, Flag question
Question text
There are two sets of markets in the economy, goods markets (e.g. the market for tomatoes) and
factor markets (e.g. the labour market).
True
False
Clear my choice
Question 5
Not yet answered
Marked out of 1.00
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Question text
The monthly expenditure of a household is a flow variable.
True
False
Question 6
Not yet answered
Marked out of 1.00
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Question text
Suppose there is a decline in the supply of capital (machinery and tools) in the factor market. What
are the expected effects on the goods market?
The goods market will be unaffected because capital does not impact production.
The goods market will increase production due to cheaper capital costs.
Firms will struggle to increase production, leading to higher prices in the goods market.
The goods market will see a decrease in consumer demand due to reduced product availability.
Clear my choice
Question 7
Not yet answered
ECS1501 ASSIGNMENT 2
FOR SEMESTER 1 2025
FEND TUTORIALS
, Started on Wednesday, 11 June 2025, 1:08 PM
State Finished
Completed on Wednesday, 11 June 2025, 2:08 PM
Time taken 59 mins 28 secs
Marks 43.00/50.00
Grade 86.00 out of 100.00
Feedback Excellent work! You seem to understand the content of Topics 5 to 6.3. Please read the
agree with the explanations provided.
Note that
you are allowed to submit two attempts for this assessment. If you take two att
towards your final credits.
you must wait 24 hours before you can attempt the assessment again.
Question 2
Not yet answered
Marked out of 1.00
Flag question
Question text
Investment is a stock variable.
True
False
Clear my choice
Question 3
Not yet answered
Marked out of 1.00
Flag question
Question text
Members of households are called consumers.
True
False
Question 4
Not yet answered
Marked out of 1.00
, Flag question
Question text
There are two sets of markets in the economy, goods markets (e.g. the market for tomatoes) and
factor markets (e.g. the labour market).
True
False
Clear my choice
Question 5
Not yet answered
Marked out of 1.00
Flag question
Question text
The monthly expenditure of a household is a flow variable.
True
False
Question 6
Not yet answered
Marked out of 1.00
Flag question
Question text
Suppose there is a decline in the supply of capital (machinery and tools) in the factor market. What
are the expected effects on the goods market?
The goods market will be unaffected because capital does not impact production.
The goods market will increase production due to cheaper capital costs.
Firms will struggle to increase production, leading to higher prices in the goods market.
The goods market will see a decrease in consumer demand due to reduced product availability.
Clear my choice
Question 7
Not yet answered
