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AP Microeconomics Unit 1 Review questione with correct answers
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AP Microeconomics Unit 1 Review questione with correct answers
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AP Microeconomics Unit 1 Review questionewith correct answers
the nnscience nnof nnscarcity/choices nn- nncorrect nnanswer-Economics
study nnof nnsmall nneconomic nnunits nnsuch nnas nnfirms, nnindividuals, nnand nnindustries nn- nncorrect nnanswer-
Microeconomics
study nnof nnlarge nneconomy nnas nna nnwhole nnor nneconomic nnaggregates nn- nncorrect nnanswer-Macroeconomics
Economics nnuse nnthe nnscientific nnmethod nnto nnmake nngeneralizations nnand nnabstractions nnto nndevelop
nntheories nn- nncorrect nnanswer-Theoretical nnEconomics
this nntype nnof nneconomics nnis nnbased nnon nnfacts; nnavoids nnvalue nnjudgments nn(what nnis) nn- nncorrect nnanswer-
Positive nnEconomics
this nntype nnof nneconomics nnincludes nnvalue nnjudgments nn(what nnought nnto nnbe) nn- nncorrect nnanswer-
Normative nnEconomics
making nndecisions nnbased nnon nnadditional nnbenefit nnvs. nnadditional nncost; nnmore nncommonly nnused nnthan,
nn"all nnor nnnothing nnmethod." nn- nncorrect nnanswer-Marginal nnAnalysis
Satisfaction nn- nncorrect nnanswer-Utility
Additional nn- nncorrect nnanswer-Marginal
Distribute nn- nncorrect nnanswer-Allocate
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