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Here are the best resources to pass ECS 1601 ASSIGNMENT 1. Find ECS 1601 ASSIGNMENT 1 study guides, notes, assignments, and much more.
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ECS 1601 ASSIGNMENT 1
Exam (elaborations) • 7
pages
• 2021
Unique number :

Closing Date : 21 August 2020

1.1 The three major flows in any economy are …

[1] income, spending and saving.

[2] income, government spending and consumption.

[3] spending, production and investment.

[4] production, income and spending.

These are the flows that are discussed in the circular flow model.

1.2 The two major markets in the circular flow of income and expenditure are the …

[1] foreign exchange market and factor market.

[2] goods market and factor market....
Unique number :

Closing Date : 21 August 2020

1.1 The three major flows in any economy are …

[1] income, spending and saving.

[2] income, government spending and consumption.

[3] spending, production and investment.

[4] production, income and spending.

These are the flows that are discussed in the circular flow model.

1.2 The two major markets in the circular flow of income and expenditure are the …

[1] foreign exchange market and factor market.

[2] goods market and factor market....
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