Summary ECS1500 ASSESSMENT 1 SEMESETR 1 2025

ECS1500 ASSIGNMENT 1 1ST SEMESTER 2025



Due: Wednesday, 16 April 2025, 11:00 PM




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, 1. ECS1500-25-Y
2. Welcome Message
3. Assessment 1



Quiz

Assessment 1
Open course index
Open block drawer
Started on Monday, 24 February 2025, 2:58 PM
State Finished
Completed on Monday, 24 February 2025, 3:39 PM
Time taken 40 mins 52 secs
Marks 32.00/40.00
Grade 80.00 out of 100.00
Feedback Excellent work! You seem to understand the content of Learning Units 1 and 2 wel
provided. Note that you are allowed to submit 3 attempts for this assessment and th

Question 1
Correct
Mark 2.00 out of 2.00

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Question text
Which one of the following statements about the factor market is correct?
1. Households purchase labour and capital in this market.
2. Firms purchase factors of production from households in this market.
3. All factors of production are non-exhaustible.


a.
Only statements 1 and 2 are correct.


b.
Only statement 3 is correct.


c.
Only statements 2 and 3 are correct.


d.