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AP Microeconomics: Basic Economic Concepts
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Last update by
anthonymanucci
on 01/28/2010
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AP Microeconomics: Basic Economic Concepts
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to review basic concepts of microeconomics in preparation for the AP Microeconomics exam
Teams
This Deck Belongs To
DemiDec
,
Microeconomics
,
AP Microeconomics
Flashcard Deck Tags
AP Microeconomics
,
PPC
,
cost
,
benefit
,
market
,
property
,
AP Microeconomics: Basic Economic Concepts
Flashcard Review
3
What term refers to the rivalry between ...
4
List the four factors of production.
5
Define labor as a factor of production.
6
What factor of production does an empty ...
7
What is the economic payment for land?
8
What is the economic payment for ...
9
What is the economic payment for labor?
10
What is the economic payment for ...
11
Scarcity arises from unlimited ____ and ...
12
What factor of production do factory ...
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Free Flashcard From AP Microeconomics: Basic Economic Concepts
Question:
What term refers to the rivalry between sellers to attract buyers?
Answer:
competition