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Ecs1601 assessment 3 Due 11 August attempt with A 90 PERCENT RATE
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Ecs1601 assessment 3 Due 11 August attempt with A 90 PERCENT RATE
ECS1601 ASSIGNMENT 8 2024 Expected questions and answers for assignment 8
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ECS1601 ASSIGNMENT 8 2024 Expected questions and answers for assignment 8
A distinction guarantee 80+ on this ecs1601 assignment
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Identify the attributes of a professional librarian 
Winter (1988:xiii) describes the attributes model as the first systematic attempt to 
formulate a theory of professions. 
• Expertise 
• Service Orientation 
• Altruism 
• Self-organisation 
• Autonomy 
• Ethical code
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Identify the attributes of a professional librarian 
Winter (1988:xiii) describes the attributes model as the first systematic attempt to 
formulate a theory of professions. 
• Expertise 
• Service Orientation 
• Altruism 
• Self-organisation 
• Autonomy 
• Ethical code
If a fall in the price level results in a decline in interest rates, the latter may result in an increased 
outflow of capital in pursuit of higher interest rates overseas and/or a decline in capital inflows, 
because domestic interest rates are less attractive than before. This would result in a greater 
demand for foreign currency and a lower demand for the rand, which will give rise to a depreciation 
of the rand against the major currencies. The weaker rand, in turn, will tend to boost expor...
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If a fall in the price level results in a decline in interest rates, the latter may result in an increased 
outflow of capital in pursuit of higher interest rates overseas and/or a decline in capital inflows, 
because domestic interest rates are less attractive than before. This would result in a greater 
demand for foreign currency and a lower demand for the rand, which will give rise to a depreciation 
of the rand against the major currencies. The weaker rand, in turn, will tend to boost expor...
Reference: Prescribed book PG 315 
 Spending may be equal to production and income. In this case production and income are at 
their equilibrium levels – there is no tendency to change. 
 Spending may be greater than production and income. In this case production and income 
will tend to increase. They are therefore not at their equilibrium levels. 
 Spending may be less than production and income. In this case production and income will 
tend to fall. They are therefore not at their ...
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Reference: Prescribed book PG 315 
 Spending may be equal to production and income. In this case production and income are at 
their equilibrium levels – there is no tendency to change. 
 Spending may be greater than production and income. In this case production and income 
will tend to increase. They are therefore not at their equilibrium levels. 
 Spending may be less than production and income. In this case production and income will 
tend to fall. They are therefore not at their ...
Three broad functions of government: 
 the allocative function, which refers to the role of government in correcting market failure and 
achieving amore efficient allocation of resources 
 the distributive function, which refers to the steps taken by government to achieve a more 
equitable or sociallyacceptable distribution of income than that generated by market forces 
 the stabilisation function, which refers to the measures taken by government to promote 
macroeconomic stability (eg...
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Three broad functions of government: 
 the allocative function, which refers to the role of government in correcting market failure and 
achieving amore efficient allocation of resources 
 the distributive function, which refers to the steps taken by government to achieve a more 
equitable or sociallyacceptable distribution of income than that generated by market forces 
 the stabilisation function, which refers to the measures taken by government to promote 
macroeconomic stability (eg...
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dfxsggh eghtrh
this will help students to pass
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this will help students to pass