AP Macroeconomics 1.1: Scarcity and Choice
Explain scarcity and opportunity cost, then compare how economic systems allocate limited resources.
- Syllabus
- Effective Fall 2025
- Course
- AP Macroeconomics
MOD-1.A—Define scarcity and economic resources 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.
C
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