Slide 1FINAL REVIEW AP MACROECONOMICS Slide 2 Unit One: Intro to Economics Graphs: PPC, Circular Flow Big Concepts: Comparative and Absolute Advantage, Circular Flow of Economic…
Slide 1 Slide 2 15 FUNDAMENTAL CONCEPTS BEGINNING WITH THE END IN MIND Slide 3 SCARCITY SCARCITY OF RESOURCES LAND Slide 4 SCARCITY LABOR Slide 5 SCARCITY CAPITAL Slide 6…
Western Governors Association Water Transfers Who is the WGA? http://www.westgov.org/about/governors Adam Smith Invisible hand It is not from the benevolence of the butcher,…
Western Governors Association Water Transfers Who is the WGA? http://www.westgov.org/about/governors Adam Smith Invisible hand It is not from the benevolence of the butcher,…
The Circular Flow of Economic Activity A lesson in Market Economic Systems Human Natural Capital 1. Households own and control resources and sell them to businesses. B U…