SUS1501 Assignment 2 Semester 1 2024- Detailed Solutions, References and Explanations (Unique Number: 602790 Due Date: 18 March 2024) { StudyPass : Dedicated to Students} 🌟🌟🌟🌟🌟

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SUS1501 Assignment 2 Semester 1 2024 Complete Answers to the provided questions. All Questions are answered, correctly and should be used as guidelines. Copying is strictly prohibited

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3 SAMPLE ANSWERS PROVIDED SAMPLE ANSWER 1

STEP 1.

1. State your proposed act as a maxim:

“van Dijk will take ZAR 1.9 billion (A) when he’s done a year’s work (C) in order to get really, really rich (E).”

2. Restate this maxim as a universal law.

“All people (7 billion of them) will take ZAR 1.9 billion when they’ve done a year’s work in order to get really, really rich.”

3. Ask whether your maxim is conceivable in a world ruled by the universal law.

Is it conceivable for all people (7 billion of them) in the world to earn ZAR 1.9 billion in one year for a year’s work? If everyone in the world earn ZAR 1.9 billion for one year worth of work, the value or buying power of money would decrease to a point were no one would be rich. Since everyone has money, there would be an increase in the demand for products and services. The increase in demand for these products and services would cause an increase in their prices. There would be an immense increase in the general inflation rate. All products and services would therefor adjust (increase) prices accordingly. The buying power of money would then decrease to the point where no one in the world would be considered” really, really rich” .This maxim is therefor, not conceivable in a world ruled by the universal law.