Economics Answers

determine the equilibrium price and quantity supplied if the market supply of an industry is given by p=2qs+4 and the market demand curve is Qd= 28-1/4p

According to the classical cash reserve system,

which of the following statements is/are true

regarding banks in South Africa?

(a) They are required to hold a minimum cash

reserve of 2,5% of their deposits.

(b) The level of the repo rate influences the interest

rate at which the banks provide credit to

individuals.

(c) The SARB provides cash reserves through

accommodation policy to the banks experiencing

liquidity shortage.

O a. (b)

O b. (a)

O c. (a) and (b)

O d. (c)

O e. (a), (b) and (c)

Briefly discuss the relationship between increase on fuel taxes and public social welfare as well as economic growth in South Africa

Briefly discuss the relationship between increase on fuel taxes and public social welfare as well as economic growth in South Africa

The general manager of 21st Century Designers, Temba Mhlongo is representing the company at one of the school exhibitions. Since Temba will be acting as the spokesperson for the company, he will fulfil a/an ________________ role.

Lower-level managers at Sizwe Motors would require sufficient _______________skills.

1. A cement factory recently lowered its price from $60 to $40. As it did, the number of cement bags sold increased from 240000 to 280000.

I) what is the cement factory elasticity of demand? Interpret the result intuitively.

II) given that elasticity, did it make sense for the cement factory to lower its price?

Which of the following can cause demand-pull inflation? [1] A decrease in interest rates which leads to an increase in consumption and investment spending. [2] An increase in government spending on social wealth and education. [3] A rise in the cost of imported intermediate goods due to a depreciation of the domestic currency.

A company such as San has many stakeholders. The shareholders is San are usually viewed as....... stakeholders

Briefly explain how Nozick’s entitlement theory can be applied to the land issue in South Africa.