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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.1
What is one result of scarcity in an economy?
The absence of unemployment and inflation.
The absence of poverty and inequality.
The need for individuals and societies to make choices.
The abundance of resources to fulfill all wants.
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AP Macroeconomics - 1.1 Scarcity
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Scarcity
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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