The Trial Blending Space is for evaluation purposes only.
This comprehensive course contains 20 sections with 94 self-grading lessons, including final assessments. The first section is available to try for free.
This is the final assessment for Welcome to Economics! AP® (Available when you subscribe.)
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The full course includes all 94 lessons, including 20 Final Assessments with Instructor Answer Keys.
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The Blending Space features:
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2.1 How Individuals Make Choices Based on Their Budget Constraint2.2 The Production Possibilities Frontier and Social Choices2.3 Confronting Objections to the Economic ApproachFinal Assessment
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services3.2 Shifts in Demand and Supply for Goods and Services3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process3.4 Price Ceilings and Price Floors3.5 Demand, Supply, and EfficiencyFinal Assessment
5.1 Price Elasticity of Demand and Price Elasticity of Supply5.2 Polar Cases of Elasticity and Constant Elasticity5.3 Elasticity and Pricing5.4 Elasticity in Areas Other Than PriceFinal Assessment
6.1. Consumption Choices6.2. How Changes in Income and Prices Affect Consumption Choices6.3. Labor-Leisure Choices6.4. Intertemporal Choices in Financial Capital MarketsFinal Assessment
7.1 Explicit and Implicit Costs, and Accounting and Economic Profit7.2 Production in the Short Run7.3 Costs in the Short Run7.4 Production in the Long Run7.5 Costs in the Long RunFinal Assessment
8.1 Perfect Competition and Why It Matters8.2 How Perfectly Competitive Firms Make Output Decisions8.3 Entry and Exit Decisions in the Long Run8.4 Efficiency in Perfectly Competitive MarketsFinal Assessment
9.1 How Monopolies Form: Barriers to Entry9.2 How a Profit-Maximizing Monopoly Chooses Output and PriceFinal Assessment
10.1 Monopolistic Competition10.2 OligopolyFinal Assessment
11.1 Corporate Mergers11.2 Regulating Anticompetitive Behavior11.3 Regulating Natural Monopolies11.4 The Great Deregulation ExperimentFinal Assessment
12.1 The Economics of Pollution12.2 Command-and-Control Regulation12.3 Market-Oriented Environmental Tools12.4 The Benefits and Costs of U.S. Environmental Laws12.5 International Environmental Issues12.6 The Tradeoff between Economic Output and Environmental ProtectionFinal Assessment
13.1 Why the Private Sector Underinvests in Innovation13.2 How Governments Can Encourage Innovation13.3 Public GoodsFinal Assessment
14.1 Drawing the Poverty Line14.2 The Poverty Trap14.3 The Safety Net14.4 Income Inequality: Measurement and Causes14.5 Government Policies to Reduce Income InequalityFinal Assessment
15.1 Market Power on the Supply Side of Labor Markets: Unions15.2 Employment Discrimination15.3 ImmigrationFinal Assessment
16.1 The Problem of Imperfect Information and Asymmetric Information16.2 Insurance and Imperfect InformationFinal Assessment
17.1 How Businesses Raise Financial Capital17.2 How Households Supply Financial Capital17.3 How to Accumulate Personal WealthFinal Assessment
18.1 Voter Participation and Costs of Elections18.2 Special Interest Politics18.3 Flaws in the Democratic System of GovernmentFinal Assessment
19.1 Absolute and Comparative Advantage19.2 What Happens When a Country Has an Absolute Advantage in All Goods19.3 Intra-industry Trade between Similar Economies19.4 The Benefits of Reducing Barriers to International TradeFinal Assessment
20.1 Protectionism: An Indirect Subsidy from Consumers to Producers20.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions20.3 Arguments in Support of Restricting Imports20.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally20.5 The Tradeoffs of Trade PolicyFinal Assessment
This appendix should be consulted after first reading Welcome to Economics!
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