Ap econ unit 2

    • Era 1 Homework Packet Instructions.docx

      AP World History. Unit 1: Period 1 Pre-Classical (to c. 600 B.C.E.) Homework Packet. ... ECON-1 Evaluate the relative economic advantages and disadvantages of foraging, pastoralism, and agriculture. ECON-2 Analyze the economic role of cities as centers of production and commerce.


    • [DOC File]Course Title: AP Microeconomics

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      Unit I: Basic Economic Concepts . Chapter 1: Limits, Alternatives, and Choices. Chapter 2: The Market System and the Circular Flow. Chapter 3: Demand, Supply, and Market Equilibrium. Chapter 4: The U.S. Economy: Private and Public Sectors. Chapter 5: The United States and the Global Economy . Chapter 18: Extensions of Demand and Supply Analysis


    • [DOCX File]Fairfax County Public Schools

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      A firm produces its output using only capital and labor. Labor costs $100 per worker per day and capital costs $200 per unit per day. If the marginal product of the last worker employed is 500 and the marginal product of the last unit of capital employed is 1,000 is the firm employing the cost-minimizing combination of inputs? Explain.


    • [DOC File]ADVANCED PLACEMENT MACROECONOMICS

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      Advanced Placement Economics Macroeconomics: Student Activities (NCEE): Unit One. Lesson 1, Activity 1-2, Scarcity, Production Possibilities Curve. Lesson 2, Activity 3-4, Shifts along the Demand Curve. Lesson 3, Activity 5-6, Shifts along the Supply Curve. Lesson 4, Activity 7, Equilibrium Price and Quantity. Unit One Exam. Unit Two ...


    • [DOC File]American Government Course Outline

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      AP Economics. Course Description . AP Econ is a fast-paced college-level course that focuses on the decision making of individuals, businesses, and the government. Students will study a variety of economic theories and analyze their practical application in the real world. ... Unit I: Basic Economic Concepts - 2 Weeks. Foundation Principles ...


    • [DOC File]AP MICROECONOMICS UNIT #2

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      UNIT #2 PLAN. INTRODUCTION TO MARKETS. GEORGIA STANDARDS OF EXCELLENCE (GSE) IN THIS UNIT. Microeconomics. International. COLLEGE BOARD STANDARDS IN THIS UNIT. II. Nature and Functions of Product Markets—part one this unit (20–30%) A. Supply and demand (15–20%) 1. Market equilibrium. 2. Determinants of supply and demand. 3. Price and ...


    • [DOCX File]Weebly

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      AP Micro Unit 2 Multiple Choice Questions . 1. The relationship between quantity supplied and price is _____ and the relationship between quantity demanded and price is _____. direct, inverse . inverse, direct . inverse, inverse . direct, direct. strong, weak . 2. An increase in the price of a product will reduce the quantity demanded for that ...


    • [DOC File]Unit I: Fundamental Principles

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      AP Macro Unit 1: Basic Economic Concepts. Problem Set #1. Complete each of the following tasks with short paragraphs: Explain the relationship between scarcity, choices, and trade-offs (____/5) Differentiate between the following terms: price, costs, and opportunity cost (____/4)


    • [DOC File]AP Macroeconomics Formulas and Definitions:

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      Okun’s law: the generalization that any one percentage point rise in the unemployment rate above the full employment unemployment rate will increase the GDP gap by 2.5 percent of the potential GDP of the economy. So…start in long run equilibrium – as the unemployment rate increases by 1% we see GDP growth decrease by 2.5 percent.


    • [DOC File]Era 1 Homework Packet Instructions.docx

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      AP World History. Unit 2: Period 2 Classical Civilizations (600 BCE – 600 CE) ... ECON-1 Evaluate the relative economic advantages and disadvantages of foraging, pastoralism, and agriculture. ECON-2 Analyze the economic role of cities as centers of production and commerce.


    • [DOCX File]Weebly

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      AP Micro Unit 1 Multiple Choice Questions. 1. Which of the following is true for all economies regardless of their economic system? A. Every economy must determine what to produce and how it produce goods and services. B. Every economy must find a way to distribute income equally. C. Every economy must find ways to privatize markets to maximize ...


    • [DOC File]AP ECONOMICS CHAPTER 1 STUDY GUIDE

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      B) 2 units of steel are given up to get 75 units of wheat. C) 1 unit of steel is given up to get 15 more units of wheat. D) 2 units of steel are given up to get 15 more units of wheat. 17. Refer to the above table. In moving from possibility C to D, the cost of a unit of steel in terms of a unit of wheat is: A) 10. B) 20. C) 25. D) 30. 18.


    • [DOC File]Microeconomics Review #1

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      AP Unit 2: Macro Measures Study Guide Measuring Growth Definition of Gross Domestic Product ... 2. 3. Nominal GDP-Real GDP-GDP Deflator- Business Cycle GDP Deflator Practice Label peak, recession/contraction, trough, expansion . Real GDP. Time 1. The Nominal GDP is $100 billion and the Real GDP is $80 billion. Calculate the GDP deflator. 2. The ...


    • [DOC File]AP ECONOMICS CHAPTER 2 STUDY GUIDE TB2

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      B) 2 units of steel are given up to get 75 units of wheat. C) 1 unit of steel is given up to get 15 more units of wheat. D) 2 units of steel are given up to get 15 more units of wheat. 11. Refer to the above table. In moving from possibility C to D, the cost of a unit of steel in terms of a unit of wheat is: A) 10. B) 20. C) 25. D) 30. 12.


    • [DOC File]AP MICROECONOMICS UNIT #2

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      AP MICROECONOMICS UNIT #2. INTRODUCTION TO MARKETS. GEORGIA STANDARDS OF EXCELLENCE (GSE) IN THIS UNIT. Microeconomics. International. COLLEGE BOARD STANDARDS IN THIS UNIT. II. Nature and Functions of Product Markets—part one this unit (20–30%) A. Supply and demand (15–20%) 1. Market equilibrium



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