5–10% of the AP exam. Key topics: Scarcity, opportunity cost, and trade-offs, Production Possibilities Curve (PPC): efficiency, economic growth, shifts, Comparative advantage and gains from specialization and trade, Demand and supply fundamentals; market equilibrium, Resource markets vs. goods and services markets.
Study guide content for this unit is being prepared. Check back soon for complete lesson notes, formula sheets, and worked examples.
