AP ECONOMICS: August 31 --A.P. Macroeconomics Content Area Outline (HO) Learning Target In order to understand some basic economic concepts, I will analyze.

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AP ECONOMICS: August 31 --A.P. Macroeconomics Content Area Outline (HO) Learning Target In order to understand some basic economic concepts, I will analyze how societies deal with the fundamental economic problem. I will know I have it when I recognize the interrelationship between scarcity, choice, and opportunity costs. Continue The Study of Economics (HO from yesterday) --needs vs. wants; the fundamental economic problem; goods and services; factors of production (entrepreneurial); opportunity cost; three fundamental economic questions; economic systems; mixed economies; macro vs. micro (1st & 3rd) Assignment: --read Module 3