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Human behavior

AP Econ Chapter 3 outline

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3:Interdependence and the Gains From Trade Intro we rely on other people for goods and services we buy interdependence is possible bc of trade A Parable for the Modern Economy trade allows a greater variety benefit $$$ by specializing in what your best at Production Possibilities spend all your time on one item, can produce lots of that item and none of the other and vice versa, or can split time between the two rancher & farmer have to make a decision, tradeoff between time on meat and time on potatoes self sufficiency means consuming only what you can produce Specialization and Trade rancher and farmer: specializing in what they?re good at allows them to make the most of that item as possible.

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Words of a Victim As I tried to fight back my tears, faint cries are heard from the other room. My head is spinning with fear, I?m next. I pray for the safety of my mom. Soon enough I hear heavy footsteps pounding in my ears. Step by step getting louder, the door swings open. I hide under my sheets, staying quiet, not knowing what is going on. I feel the sheets lifting. It?s too late, it?s too late, and I?m found. Again and again his swinging his fist. Bruises everywhere, broken bones, open wounds. I instantly get a flash back; dad picking me up, whispering coldhearted shit. As usual I lay back thinking it was all going to end soon.

Essay

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Words of a Victim As I tried to fight back my tears, faint cries are heard from the other room. My head is spinning with fear, I?m next. I pray for the safety of my mom. Soon enough I hear heavy footsteps pounding in my ears. Step by step getting louder, the door swings open. I hide under my sheets, staying quiet, not knowing what is going on. I feel the sheets lifting. It?s too late, it?s too late, and I?m found. Again and again his swinging his fist. Bruises everywhere, broken bones, open wounds. I instantly get a flash back; dad picking me up, whispering coldhearted shit. As usual I lay back thinking it was all going to end soon.

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