ecs1601

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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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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...

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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