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AP macroeconomics ch 2 definitions exam questions and answers $9.49   Add to cart

Exam (elaborations)

AP macroeconomics ch 2 definitions exam questions and answers

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  • Course
  • AP Macroeconomics
  • Institution
  • AP Macroeconomics

AP macroeconomics ch 2 definitions exam questions and answers

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  • October 6, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AP Macroeconomics
  • AP Macroeconomics
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millyphilip
AP macroeconomics ch 2 definitions
exam questions and answers

Consumption ii- iiAnswers ii-final iigoods ii& iiservices iithat iiwill iibe iiconsumed/used iiby iia
iiconsumer


Capital ii- iiAnswers ii-a iigood iithat iiis iiused iito iiproduce iianother iigood ii(ex. iifactories,
iimachines, iitools)


Government ii- iiAnswers ii-Goods iiand iiservices iithat iiare iibought iiby iigovernments ii(ex:
iimissiles, iibridges, iiand iipolice iiprotection)


Export ii- iiAnswers ii-Goods iiand iiservices iiproduced iiin iione iicountry iiand iisold iiin iiother
iicountries ii(ex: iiairplanes iiproduced iiby iiBoeing iiand iiCiticorp iibanking iiservices iisold iito
iiChina)


Factors iiof iiproduction ii- iiAnswers ii-the iiproductive iiresources iiused iito iiproduce iigoods
iiand iiservices


land ii- iiAnswers ii-all iithe ii"gifts iiof iinature" iithat iiwe iiuse iito iiproduce iigoods iiand
iiservices ii(water, iianimals, iiair...)


labor ii- iiAnswers ii-the iiwork iitime iiand iiwork iieffort iithat iipeople iidevote iito iiproducing
iigoods iiand iiservices


human iicapital ii- iiAnswers ii-the iiknowledge iiand iiskill iithat iipeople iiobtain iifrom
iieducation, iion-the-job iitraining, iiand iiwork iiexperience


capital ii- iiAnswers ii-consists iiof iitools, iiinstruments, iimachines, iibuildings, iiand iiother
iiitems iithat iihave iibeen iiproduced iiin iithe iipast iiand iithat iibusinesses iinow iiuse iito
iiproduce iigoods iiand iiservices ii(semi-finished iigoods, iioffice iibuildings, iiand iicomputers;
iiNOT iimoney, iistocks, iiand iibonds, iifinancial iiresources)


Entrepreneurship ii- iiAnswers ii-the iihuman iiresource iithat iiorganizes iilabor, iiland, iiand
iicapital; iicome iiup iiwith iinew iiideas iiabout iiwhat iiand iihow iito iiproduce, iimake iibusiness
iidecisions, iiand iibear iithe iirisks iithat iiarise iifrom iithese iidecisions


rent ii- iiAnswers ii-income iipaid iifor iithe iiuse iiof iilabor

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