Transcription of UNIT # 1 - BASIC ECONOMIC CONCEPTS PLUS - Quia
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UNIT # 1 - BASIC ECONOMIC CONCEPTS PLUS - Quia
1. Use the axes below to draw the type of curve that illustrates the label above each axis . A. Increasing opportunity cost per unit of good B B. Constant opportunity cost per unit of Good B 2. * Answer the following questions based on the chart below : LIGHTHOUSE CPA SOCIAL SCIENCES DEPARTMENT AP ECONOMICS EXAM PREP WORKSHOP # 1 > BASIC ECONOMIC CONCEPTS NAME : DATE : B1 D1 C1 A1 X Y A B C A. Suppose there is a major technological breakthrough in the consumer goods industry , and the new technology is widely adopted . Which Curve in the diagram would represent the new production possibilities curve ? Indicate the curve you choose with two letters . B. Suppose a new government comes into power and imposes a significant tax on the use of automated machinery and modern production techniques in all industries.
EXAM PREP WORKSHOP # 1 > BASIC ECONOMIC CONCEPTS NAME : DATE : A1 B1 D1 C1 X Y A B C . A. Suppose there is a major technological breakthrough in the consumer goods industry , and the new technology is widely adopted . Which Curve in the diagram would represent the new production possibilities curve ? ...
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