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ECS1601-25-Y

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Which one of the following statements is appropriate about government action to stimulate economic activities?
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Which of the following statements is/are correct criteria of the good tax?

a. Good taxation should have more possible effects of distorting relative prices.

b. It is regarded as good tax if various taxpayers with different incomes are taxed the same.

 c. It is regarded as good tax if the tax burden is spread fairly among various taxpayers.

 d. Administrative simplicity in the tax system ensures neutrality and equality.
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Which of the following statements is/are correct about value-added tax (VAT) charged on South African goods and services?

(a) VAT is only levied on a few goods in South Africa.

(b) VAT is a selective tax and excise duties and is only applicable in South Africa.

(c) VAT is a general tax and excise duties.

(d) VAT is levied on most goods and services, and is not only applicable in South Africa.

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Which one of the following statements is correct regarding the national budget?
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Which of the following statements regarding financial intermediaries is/are correct?

a) Financial intermediary channel funds from surplus economic units in the form of deposit.

b) Financial intermediaries channel funds from surplus economic to deficit economic units.

c) Financial intermediaries channel funds by granting credit to economic participance.

d) Melokuhle saves a portion of his salary at his local bank. We can conclude that Melokuhle is an example of a surplus unit.
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The opportunity cost of holding money is
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Which of the following would be classed as a monetary policy?
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Which one of the following is regarded as a flow variable?
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Which one of the following options is the correct facility that contributes to the stability of the financial sector of the SARB?
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Which one of the following statements is true about causality and correlation?
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