Ap microeconomics Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Ap microeconomics? On this page you'll find 179 study documents about Ap microeconomics.
Popular textbooks 'Ap microeconomics' · Show all (4) Hide
Barron's AP Microeconomics/Macroeconomics
Frank Musgrave, Elia Kacapyr, James Redelsheimer
4 documents
Barron's AP Microeconomics/Macroeconomics, 6th edition with Bonus Online Tests
Elia Kacapyr, Ph.D., James Redelscheimer, M.A., Frank Musgrave, Ph.D.
1 documents
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AP Microeconomics Practice Exam Questions And Answers.
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AP Microeconomics Practice Exam Questions And Answers.
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AP Economics Unit 1 Notes: Basic Economic Principles
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These notes are based on Unit 1 of both AP Macroeconomics and AP Microeconomics; however, they can be used by anyone who wants to gain an understanding of basic economic principles. It defines multiple words, including opportunity cost, scarcity, the factors of production, efficiency, comparative advantage, absolute advantage, demand, supply, the law of demand, the law of supply, surplus, and shortage. The following charts are included: linear Production Possibilities Curve (PPC), concave PPC, c...
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AP Microeconomics Terms
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scarcity CORRECT ANSWER the limited nature of society's resources 
 
economics CORRECT ANSWER the study of how society manages its scarce resources 
 
efficiency CORRECT ANSWER the property of society getting the most it can from its scarce resources 
 
rational people CORRECT ANSWER people who systematically and purposefully do the best they can to achieve their objectives 
 
marginal changes CORRECT ANSWER small incremental adjustments to a plan of action 
 
incentive CORRECT ANSWER something...
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AP Microeconomics Exam REVIEW 100% CORRECT.
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AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomics Exam REVIEW 100% CORRECT.AP Microeconomic...
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AP Microeconomics Exam Review
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Economics CORRECT ANSWER The study of how people, firms, and societies use their scarce productive resources to best satisfy their unlimited wants 
 
Factors of Production CORRECT ANSWER Labor, Land, Capital, Entrepreneurial ability 
 
Physical capital CORRECT ANSWER Manmade equipment like machinery, but also buildings, roads, vehicles, and computers 
 
Entrepreneurial Ability CORRECT ANSWER The effort and know how to put the other resources (Factors of Production) together in a productive ventu...
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AP Microeconomics Unit 1 questions with correct answers
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The characteristic from which all economic problems arise is... 
A) Political Decisions 
B) Providing a minimal standard of living for every person 
C) How to make a profit 
D) Hunger 
E) Scarcity CORRECT ANSWER E 
 
Scarcity results from the fact that... 
A) People's wants exceed the resources available to satisfy them 
B) Not all goals are desirable 
C) We cannot answer the major economic questions 
D) Choices made in self-interest are not always in the social interest 
E) The population keep...
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AP Microeconomics Exam Review 100% CORRECT.
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AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomics Exam Review 100% CORRECT.AP Microeconomic...
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AP Microeconomics Exam Module 2 Review(20%-30% of AP exam Info from FLVS AP Microeconomics course)2023
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AP Microeconomics Exam Module 2 Review(20%-30% of AP exam Info from FLVS AP Microeconomics course)2023
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AP Microeconomics PRACTICE Exam 100% CORRECT.
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AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CORRECT.AP Microeconomics PRACTICE Exam 100% CO...
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AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.
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AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam 100% CORRECT.AP Microeconomics Unit 1 All Questions Exam ...
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AP Microeconomics Practice Exam questions with correct answers
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Which of the following best defines opportunity cost? CORRECT ANSWER It is the amount of one product that must be given up to produce an additional unit of another product 
 
Which of the following explains why a production possibilities curve is often represented as concave (bowed out) from the origin? CORRECT ANSWER Increasing opportunity costs 
 
Assume that consumers consider popcorn and pretzels to be substitutes. A significant decrease in the supply of popcorn will affect the pretzel marke...
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