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Study with Quizlet and memorize flashcards containing terms like Part of the US Department of Labor that gathers and publishes information about careers in all the sectors of the economy, Online Resource for researching various job choices in terms of growth education training compensation and related careers, Employees whose work requires some ...
Economics is the study of: A) production technology: B) consumption decisions: C) how society decides what, how, and for whom to produce: D) the best way to run society
Define economics. Explain the concepts of scarcity and opportunity cost and how they relate to the definition of economics. Understand the three fundamental economic questions: What should be produced? How should goods and services be produced? For whom should goods and services be produced?
Download free-response questions from past AP Macroeconomics exams, along with scoring guidelines, sample responses from exam takers, and scoring distributions.
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Economics is not primarily a collection of facts to memorize, although there are plenty of important concepts to learn. Instead, think of economics as a collection of questions to answer or puzzles to work. Most importantly, economics provides the tools to solve those puzzles.
