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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.2
Unit 1 – Basic Economic Concepts
1.2 Resource Allocation and Economic Systems
mixed difficulty
What is one of the main advantages of a market economy?
Central planning and government control.
Efficient allocation of resources.
Distribution based on social and familial relationships.
Reliance on custom and tradition.
Study guides (1)
AP Microeconomics - 1.2 Resource Allocation and Economic Systems
Key terms
Market Economy
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