ap考试培训课程

Please highlight critical terms;
*=not important for exam but you should know

Chapter Seven

Derived Demand-the demand for a resource such as labor is derived from the product that the resource helps to produce

Please highlight critical terms;
*=not important for exam but you should know

Chapter Eight Public sector

Externality -when a decision imposes a cost (negative externality) or imparts a benefit (positive externality) to people not involved in the decision making. Public Goods- goods for which the consumption by one person does not exhaust the amount available for others, and for which prevention of consumption is difficult