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AP Economics > Microeconomics > Flashcards

Microeconomics Flashcards

1
Q

Four categories of Resources

A

Natural Resources (LAND)

Workers (LABOR)

Capital (TECHNOLOGY)

Entrepreneurship

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2
Q

Non rivalry in consumption

A

information

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3
Q

Price Elasticity

A

measures the responsiveness of Quantity Demanded or Supplied to change in a items price

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4
Q
A
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AP Economics (4 decks)

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