
AP Macro Unit 1 Review
Flashcard
•
Social Studies
•
9th Grade - University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview

46 questions
Show all answers
1.
FLASHCARD QUESTION
Front
In a market economy, prices are generally determined by the interaction between: buyers and sellers, wholesalers and retailers, producers and labor unions, consumers and government officials.
Back
buyers and sellers
2.
FLASHCARD QUESTION
Front
Which of the following is likely to increase the demand for peanut butter? Options: Fewer children in the population, News that insects have destroyed much of the peanut crop and that there will be less peanut butter on the shelves in three months., A big increase in the price of jelly., A report from the Surgeon General of the United States that eating peanut butter makes people nutty.
Back
News that insects have destroyed much of the peanut crop and that there will be less peanut butter on the shelves in three months.
3.
FLASHCARD QUESTION
Front
In economics, a shortage of a product occurs when: the product's price falls below its market-clearing level, the product's market-clearing level reduces overall demand, the people who buy the product consume more than they need, the businesses producing the product become less efficient
Back
the product's price falls below its market-clearing level
4.
FLASHCARD QUESTION
Front
Which country has the comparative advantage in producing trucks and what is their opportunity cost? The US can produce 200 airplanes or 400 trucks. Japan can produce 300 trucks or 100 airplanes.
Back
Japan, 1/3 airplane per truck
5.
FLASHCARD QUESTION
Front
Which country has the comparative advantage in producing airplanes and what is their opportunity cost? The US can produce 200 airplanes or 400 trucks. Japan can produce 300 trucks or 100 airplanes.
Back
US, 2 trucks per airplane
6.
FLASHCARD QUESTION
Front
Suppliers often reduce prices because they
Back
have a surplus of products to sell
7.
FLASHCARD QUESTION
Front
When a point lies inside of the PPF it can be said that: Resources are under employed, Resources are fully utilized, Production is beyond the resource potential, Opportunity cost of production is constant.
Back
Resources are under employed
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
37 questions
French Revolution Flashcard
Flashcard
•
10th Grade - University
35 questions
EG 24-25 | Benchmark #2
Flashcard
•
7th Grade - University
41 questions
Literary Terms and Devices English 10-2
Flashcard
•
10th Grade
32 questions
Speakout B2 Unit 1 Identity
Flashcard
•
10th Grade - University
42 questions
lesson 8
Flashcard
•
10th Grade
39 questions
Warm up/ Review Unit 5 AP Calc AB
Flashcard
•
12th Grade
35 questions
Business Vocabulary Flashcards
Flashcard
•
KG
33 questions
AQA Physics Paper 1- Electricity
Flashcard
•
9th - 11th Grade
Popular Resources on Wayground
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
29 questions
Alg. 1 Section 5.1 Coordinate Plane
Quiz
•
9th Grade
22 questions
fractions
Quiz
•
3rd Grade
11 questions
FOREST Effective communication
Lesson
•
KG
20 questions
Main Idea and Details
Quiz
•
5th Grade
20 questions
Context Clues
Quiz
•
6th Grade
Discover more resources for Social Studies
17 questions
World War 2 (World History 25-26)
Quiz
•
9th Grade
15 questions
Unit 4 FA: Charlemagne, feudalism and catholic church
Quiz
•
10th Grade
20 questions
Unit 7.5 Imperial Rebellions
Quiz
•
10th Grade
15 questions
1920s Quizizz
Quiz
•
11th Grade
33 questions
Unit #2 PFL & Eco Exam (2024 Version)
Quiz
•
11th Grade
15 questions
SBAC Practice HSS26_Vasquez
Quiz
•
9th - 12th Grade
8 questions
1990's Review
Quiz
•
11th Grade
26 questions
US History Benchmark Review
Quiz
•
11th Grade