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AP Economics

This class was created by Brainscape user Erin Chalmers. Visit their profile to learn more about the creator.

By: Erin Chalmers
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Decks in this class (14)

Quiz #1 Vocab
Value of the choice you have up w...,
Not enough resources to meet all ...,
Allocation of resources the three...
15  cards
Quiz #2 Vocab
The law of _______ producers supp...,
The law of ________ consumers dem...,
Government sets the maximum price...
15  cards
Quiz #3 Vocab
Consumers are proportionately sen...,
Consumera are relatively less sen...,
Consumers are relatively sensitiv...
17  cards
Quiz #4 Vocab
Goods and services are received b...,
The optimal distribution of goods...,
Optimal production the firm canno...
14  cards
Quiz #5 Vocab
Time period in which all resource...,
Time period in which some resourc...,
Increased size of the firm enable...
14  cards
Quiz #6 Vocab
Percentage of labor force current...,
Percentage of adult population th...,
Total number of employed and unem...
15  cards
Quiz #7 Vocab
Reduce tax rates increase the lev...,
The government s actions with tax...,
When the tax revenue is less than...
15  cards
Quiz #8 Vocab
One country can produce goods at ...,
One country can produce more than...,
Limiting international trade in o...
18  cards
Quiz #9 Vocab
Bank accounts that earn compound ...,
Knowledge about production educat...,
Certificate of deposit timed depo...
18  cards
Quiz #10 Vocab
Monthly payment to an insurance c...,
Tool used to protect against loss...,
Amount you must pay when you file...
18  cards
Quiz #11 Vocab
Costs that do not change with lev...,
Costs that do not change with lev...,
A drop in business activity or fa...
18  cards
Quiz #12
The amount one worker or other un...,
The amount one worker or other va...,
A single or dominant buyer of lab...
13  cards
Quiz #13 Vocab
Holding all other factors or cond...,
Theoretical good for which there ...,
As the price of a good decreases ...
14  cards
Quiz #14 Vocab
Industry that experiences decreas...,
Industry that does not experience...,
Industry that experiences increas...
14  cards

More about
AP Economics

  • Class purpose General learning

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