AP Microeconomics Quiz
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BASIC ECONOMIC CONCEPTS
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A contagious-disease season increases demand for flu vaccinations, but trained nurses and vaccine doses are scarce, so the country must decide WHAT to produce (how many vaccinations versus other clinic services), HOW to produce (public clinics versus private pharmacies), and FOR WHOM to produce (who receives vaccinations first). In Region 1, private pharmacies order doses from suppliers and set prices; as prices rise, some consumers delay or forgo vaccination, and suppliers ship more doses to that region. In Region 2, the health ministry sets a fixed low price, assigns each clinic an output target, and limits each person to one dose through a registration list. Based on how resources are allocated in the scenario, which economic system is most consistent with Region 2?
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