Micro and Macro Economics Fastest Fingers

________ is when economic goods are transformed in ways expected to make them more valuable?

• Action

• Production

• Hardwork

• Credibility

Africa’s major problems are few of these except?

• Wages

• Infrastructure

• Spending

• Devaluation

Which of the following is not used for cost analysis?

• Fixed Cost

• Non Fixed Cost

• Variable Cost

• Sunk Cost

The protective role of government refers to the protecting of individuals and their property against aggression through the maintenance of a framework of society?

• True

• False

refers to a company’s mix of fixed and variable expenses?

• Productivity

• Cost Analysis

• Cost Structure

• Assets

Below are the factors affecting the macro economy except?

• Currency Exchange Rate

• Deflation

• Interest Rate

• Growth Rate of the Economy

refers to how much of a product or service is desired by consumers?

• Needs

• Supply

• Demand

• Wants

. is defined as the increasing capacity of the economy to satisfy wants of the members of the society?

• Dollar Rate

• Inflation

• Capacity

• Economic Growth

The correlation between price and how much of a good or service is supplied to the market is known as the ?

• Scale of Preference

• Supply Relationship

• Demand Curve

• Opportunity Cost

_______is the sustained rise in the price of goods and services over time?

• Money Rate

• Inflation

• Deflation

• Interest Rate