AP Notes, Outlines, Study Guides, Vocabulary, Practice Exams and more!

Profit

AP Econ questions 2-4

Subject: 
Rating: 
0
No votes yet

Christian Boujaoude September 12, 2014 AP Economics Wolff Pd. 3 Study Questions #?s 2-4 2. Economic resources are the natural, human, and manufactured inputs used to produce goods and services. Economic resources fall into four main categories: labor, land, real capital and entrepreneurs. Economic resources are also called factors of production because they are used to produce goods and services. If resources were unlimited and freely available, many of our current choices would be unnecessary. Every person could have as much as they wanted of any good or service, rendering economics, the science of choice, largely unnecessary.
Subscribe to RSS - Profit

Need Help?

We hope your visit has been a productive one. If you're having any problems, or would like to give some feedback, we'd love to hear from you.

For general help, questions, and suggestions, try our dedicated support forums.

If you need to contact the Course-Notes.Org web experience team, please use our contact form.

Need Notes?

While we strive to provide the most comprehensive notes for as many high school textbooks as possible, there are certainly going to be some that we miss. Drop us a note and let us know which textbooks you need. Be sure to include which edition of the textbook you are using! If we see enough demand, we'll do whatever we can to get those notes up on the site for you!