Welcome to AP Economics.
Use the slideshow and video to give yourself a basic understanding of what economics is and how it is applicable to your life.
1. What is the definition of scarcity and how does it relate to the definition of economics?
2. Be able to describe a situation where you used marginal analysis.
3. What are some real life examples of opportunity costs in your life recently.
4. The difference between a normative and positive statement.
Man gives specific example of opportunity cost.
Source: You Tube
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