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AP Economics Microeconomics – Unit 1: Basic Economic ...

AP Economics . Microeconomics – Unit 1: Basic Economic Concepts . Unit Exam Review . Exam Information: - 2 Sections: Multiple Choice (20 questions) and Free Response Questions (1 long answer, 2 short ... Economic Systems a. What are the 5 fundamental questions addressed by all economic systems? b. How are resources allocated in a market economy?

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