AP Macro Unit 1 Review

AP Macro Unit 1 Review

Assessment

Flashcard

•

Social Studies

•

9th Grade - University

•

Practice Problem

•

Hard

Created by

Abraham Torres

FREE Resource

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46 questions

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1.

FLASHCARD QUESTION

Front

Price determination in market economy

Back

Buyers and sellers

2.

FLASHCARD QUESTION

Front

Increase in demand for peanut butter

Back

Insect damage to peanut crop; less supply in 3 months

3.

FLASHCARD QUESTION

Front

Shortage in economics

Back

Price falls below market-clearing level

4.

FLASHCARD QUESTION

Front

Comparative advantage in trucks

Media Image

Back

Japan, 1/3 airplane per truck

5.

FLASHCARD QUESTION

Front

Comparative advantage in airplanes

Media Image

Back

US: 2 trucks per airplane

6.

FLASHCARD QUESTION

Front

Suppliers reduce prices when...

Back

they have a surplus of products to sell.

7.

FLASHCARD QUESTION

Front

Point inside PPF indicates:

Back

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