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AP Macroeconomics 1.1: Scarcity and Choice

Explain scarcity and opportunity cost, then compare how economic systems allocate limited resources, ownership, and incentives among competing choices.

Syllabus
Effective Fall 2025
Course
AP Macroeconomics

Covered syllabus points

MOD-1.A—Define scarcity and economic resources

1.1 Scarcity question 1

[Maximum number: 1]

Economics is the study of

A

business.

B

government regulation.

C

central planning.

D

how societies manage their scarce resources.

E

society, politics, and government combined.

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