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AP Macro Unit 1 Knowledge Check Exam Questions and Answers
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AP Macro Unit 1 Knowledge Check Exam Questions and Answers
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AP Macro Unit 1 Knowledge Check ExamQuestions and Answers
Allie iiis iishopping iiwhen iishe iifinds iia iipair iiof iirunning iishoes iipriced iiat ii$90.
iiWhen iiAllie iiuses iiher iidebit iicard iito iipay, iiit iiis iideclined iibecause iiher iibalance iiis
iiinsufficient iito iicover iithe iicost iiof iithe iirunning iishoes. iiAllie's iisituation iibest
iiillustrates iiwhich iieconomic iiconcept? ii- iiAnswers ii-Scarcity
Which iiof iithe iifollowing iiis iinot iiconsidered iian iieconomic iiresource? ii- iiAnswers ii-
Stocks
Which iiof iithe iifollowing iicontributes iito iithe iieconomic iiproblem iiof iiscarcity? ii-
iiAnswers ii-Resources iiare iilimited
Which iiof iithe iifollowing iiillustrates iithe iieffect iiof iia iidecrease iiin iian iieconomy's
iiresources iiusing iia iiproduction iipossibilities iicurve ii(PPC)? ii- iiAnswers ii-The
iieconomy's iiPPC iiwill iishift iiinward iiand iito iithe iileft.
A iicity iigovernment iireceived iia ii$1$1 iimillion iigrant iito iibuild iiswimming iipools iiand
iiskating iirinks iifor iiyouth. iiBased iion iithe iidata iiprovided iiin iithe iigraph, iiwhat iiis
iithe iiopportunity iicost iiof iibuilding iione iiswimming iipool? ii- iiAnswers ii-2 iiskating
iirinks
What iitype iiof iiopportunity iicosts iido iiPPC1 iiand iiPPC2 iiillustrate? ii- iiAnswers ii-
PPC1 iiillustrates iiincreasing iiopportunity iicosts iiand iiPPC2 iiillustrates iiconstant
iiopportunity iicosts.
The iitable iiabove iishows iithe iimaximum iiamount iiof iitrucks iior iicoffee iithat iiChina
iiand iiMalaysia iican iiproduce iiusing iithe iisame iiamount iiof iiresources. iiBased iion
iithe iidata iiprovided, iiwhich iiof iithe iifollowing iiterms iiof iitrade iiare iimutually
iibeneficial iifor iithe iitwo iicountries? ii- iiAnswers ii-1 iiton iiof iicoffee iifor ii4 iitrucks
Michael iiand iiMartha iirun iia iimechanic iishop. iiIn iione iihour iiMichael iican iiperform
iieight iioil iichanges iior iichange iiten iitires. iiIn iione iihour iiMartha iican iiperform iiseven
iioil iichanges iior iichange iifourteen iitires. iiMichael iiand iiMartha iihave iithe iisame
iiamount iiof iiresources. iiGiven iithis iiinformation iiwhich iiof iithe iifollowing iiis iitrue? ii-
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