AP Review Notes

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AP Review Notes

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concepts

Absolute Advantage

Accounting Profit

Allocative Efficiency

Antitrust Laws

Average Fixed Costs (AFC)

Average Product (AP)

Average Total Cost (ATC)

Average Variable Cost (AVC)

Barriers to Entry

Cartel

Collusion

Command Economy

Comparative Advantage

Comparison Table of The 5 Market Structure

Complements

Constant Returns to Scale

Quota

Six Determinants of Supply

Substitutes

Supply and Marginal Social Cost (MSC)

Surplus

Tariff

未命名

Taxes

The Law of Diminishing Marginal Returns

The Tragedy of the Commons

Economics

history-concepts

SALT

Sirimavo Bandaranaike

Six-Day War

Southeast Asia Treaty Organization (SEATO)

Soviet-Afghan War

Sputnik

Strategic Arms Limitation Treaty

Strategic Defense Initiative

Ulster Defence Association

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Surplus

#topic/econ

When the quantity demanded is less than the quantity supplied.
Qd< Qs

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