No student devices needed. Know more
15 questions
________ 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
is known as the relationship between price and quantity?
Consumer Demand
Supply
Demand Relationship
Demand Analysis
There are four main types of inflation which are, creeping inflation, galloping inflation, stag inflation and ____?
Walking Inflation
Sleeping Inflation
Crawling Inflation
Hyper Inflation
_________are goods whose consumption are linked?
Complimentary Goods
Variable Goods
Material Goods
Commodity Goods
Gross domestic product (GDP) is the total value of all final goods and services produced in a year within that country?
True
False
The law of ________states that people will buy more of something at a lower price than they would at a higher price?
Consumption
Demand
Supply
All of the Above
Explore all questions with a free account