AP Macroeconomics- Unit 1
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Try this fun game from WattsEd. Answer with the correct response!
Topics of this game:
- Given a normal market supply curve for daisies, if the price of daisies increased from $1.00 per dozen to $2.00 per dozen, then there is a/an
- A production possibilities curve that is concave or bowed out from the origin represents
- Number produced per day: Parasail Boat Fishing Boat Jonas Islands 3 12 Jackson Islands 5 10 According to the table above, the Jonas Islands opportunity cost of producing one fishing boat is
- Macroeconomics is best defined as the study of
- Which statement about scarcity is NOT true?
- The impact of banks going out of business and auto makers closing factories in 2008 and 2009 would be illustrated when
- Pianos are an example of a scarce object.
- Given a normal demand curve for SNICKERS candy, if the price of peanuts increases, what happens?
- Which of these nations below is an example of a COMMAND ECONOMY?
- Which of these IS a factor of production?
- Consumer Goods are used in _________________________________________________.
- Say Six Flags opens a new roller coaster. What happens to the quantity demanded for season-long tickets?
- Comparative Advantage is based off who has the lowest ____________________________.
- Which of the following are factors that can shift the demand curve for basketballs? 1. a tax on basketball producers. 2. buyers’ income 3. the number of basketball manufacturers 4. buyers’ tastes and preferences 5. price of substitutes for basketballs
- The Law of Demand says that there is a/an ______________________ relationship between price and quantity demanded.
