Crowdly
Add to Chrome
ECS1501-25-Y
Looking for ECS1501-25-Y test answers and solutions? Browse our comprehensive collection of verified answers for ECS1501-25-Y at mymodules.dtls.unisa.ac.za.
Get instant access to accurate answers and detailed explanations for your course questions. Our community-driven platform helps students succeed!
A company records the following financial data:
Cash on hand: R5 million
Annual revenue: R20 million
Annual expenses: R15 million
Machinery and equipment: R10 million
Which of the following statements best explains the classification of these figures?❌
❌
✅
❌
View this question
Suppose there is a decline in the supply of capital (machinery and tools) in the factor market. What are the expected effects on the goods market?
✅
❌
❌
❌
View this question
Households are responsible for the spending on consumer goods.
0%
0%
View this question
Consumption is a flow variable.
0%
0%
View this question
Capital is a stock variable.
✅
❌
View this question
Consumers are rational, in other words they will always try to maximise their satisfaction, given the means at their disposal.
✅
❌
View this question
I confirm
that this assessment will be my own individual work;
that I will not cheat in any way in completing and submitting this assessment.
100%
0%
View this question
View this question
View this question
View this question