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Production–possibility frontier

Chapter 2 Economics Summary

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AP Economics Chapter 2 Review/Summary Economics deals with choices. In this chapter we have examined more carefully the range of choices in production that must be made in any economy. In particular, we looked at choices involving the allocation of an economy?s factors of production: labor, capital, and natural resources. In addition, in any economy, the level of technology plays a key role in determining how productive the factors of production will be. In a market economy, entrepreneurs organize factors of production and act to introduce technological change.

Introducon to Economics

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Production–possibility frontier

Cornell Notes Topic / Objective: Name: Jack Andrew Joa Unit One: Economic Basics Class: Economics 1100 ? 01: Introduction To The American Economy Economic Principles Period: 1st Period Chapter 1 From Demystifying Economics Date: Monday January 9th, 2017 Essential Question: Chapter One ? Introduction To Economics Questions: Notes: Most people do not have a very clear or accurate understanding of what economics is about or how it affects them in their daily lives. Some believe it is a business subject, others think it is about money in general, and still others associate the word economics with personal finance. Actually, economics is about all these things and
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