ECS1601 Study guides, Class notes & Summaries
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ecs1601 exam with grade A+ and highlighted accurate solutions available
- Exam (elaborations) • 60 pages • 2023
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Which of the following is/are correct? 
 
a) Households are confronted with unlimited wants, but with limited resources with which to satisfy those wants 
b) The scarcity of resources necessitate households to make choices - ANSboth a and b are correct 
 
Which of the following is/are correct regarding the distinction between macroeconomics and microeconomics? 
 
a) The price of apples at the supermarket is an example of a macroeconomic variable. 
b) An increase in the general price level (inf...
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ECS1601-LU UNIT OUTCOMES UPADTED APRIL 2023-100% VERIFIED
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ECS1601-LU UNIT OUTCOMES UPADTED APRIL 2023-100% VERIFIED
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Exam (elaborations) Economics IB (Macroeconomics I) (ECS1601)
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Economics ECS1601 Questions with Correct Answers.
- Exam (elaborations) • 57 pages • 2023
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Which of the following is/are correct? 
 
a) Households are confronted with unlimited wants, but with limited resources with which to satisfy those wants 
b) The scarcity of resources necessitate households to make choices Correct Answer both a and b are correct 
 
Which of the following is/are correct regarding the distinction between macroeconomics and microeconomics? 
 
a) The price of apples at the supermarket is an example of a macroeconomic variable. 
b) An increase in the general price l...
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ECS1601 TEST BANK Macroeconomics (University of South Africa)
- Exam (elaborations) • 229 pages • 2023
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ECS1601 TEST BANK Macroeconomics (University of South Africa) 
ECS1601 TEST BANK 
 
Question 1 
 
In the goods market of the circular flow model, …. 
 
1)	firms buy factors of production from consumers 
2)	firms buy finished products from households 
3)	consumers buy factors of production from firms 
4)	firms sell factors of production to the government 
5)	consumers buy finished products from firms The correct alternative is [5]. Explanation 
In the goods market of the circular flow model, ...
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FUR2601, ECS1601 & ECS2602 Multiple Exam Bundles
- Package deal • 12 items • 2021
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Get all the FUR2601, ECS1601 & ECS2602 study materials and greatly improve your chance of passing or even getting a distinction in these modules. No need to make notes as these are designed to save you time and give you a better understanding of the modules. Get a distinction!!!
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ECS1601 EXAM PACK 2023
- Exam (elaborations) • 226 pages • 2023
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ECS1601 EXAM PACK 2023
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ECS1601 COMPLETE EXAM BUNDLE
- Package deal • 9 items • 2020
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Get all the ECS1601 study materials and greatly improve your chance of passing or even getting a distinction in these modules. Study the notes and work through the examples and achieve success in this module. These are difficult modules to learn but I have and compiled these packs for you to ace these modules & FOR A LOW PRICE!!
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ECS1601 TEST BANK Macroeconomics (University of South Africa)
- Exam (elaborations) • 229 pages • 2023
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ECS1601 TEST BANK Macroeconomics (University of South Africa) 
 
ECS1601 TEST BANK 
 
Question 1 
 
In the goods market of the circular flow model, …. 
 
1)	firms buy factors of production from consumers 
2)	firms buy finished products from households 
3)	consumers buy factors of production from firms 
4)	firms sell factors of production to the government 
5)	consumers buy finished products from firms The correct alternative is [5]. Explanation 
In the goods market of the circular flow model, ...
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ECS1601 EXAM PACK 2023
- Exam (elaborations) • 226 pages • 2023
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ECS1601 EXAM PACK 2023
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