Scarcity
AP Macroeconomics · Flashcards · Recall
AP MACROECONOMICS · FLASHCARDS
Card 1
of 31
0 got it
0 to review
Current
Got it
Still learning
Not seen
QUESTION
What is the difference between microeconomics and macroeconomics?
QUESTION
What is the role of incentives in economics?
QUESTION
What is absolute advantage?
Tap to flip before you grade
ANSWER
Ability to produce more of a good with the same resources. Superior productivity in producing a specific good or service.
Swipe → got it · swipe ← still learning
Got it
Still learning
Flip Card
Previous card
Next card