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The task emphasizes comprehension checks tied to key macroeconomic foundations: scarcity and choice, opportunity cost, and distinctions between positive and normative economics, as well as macro versus micro perspectives. Responses are to be collected on the second day of school, with early submission by email available.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/ap-macroeconomics-summer-assignment-for-fall-2021/460574/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/ap-macroeconomics-summer-assignment-for-fall-2021/460574.png","ImageObject",300,407,{"name":92,"@type":93},"vwvw","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-05","2026-09-30",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is the summer assignment for AP Macroeconomics in Fall 2021?","Question",{"text":112,"@type":113},"Students must read the first four chapters in the provided PDF and complete the end-of-chapter multiple-choice questions (five per chapter) to confirm comprehension.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which chapters (modules) are included and how many questions are required per chapter?",{"text":117,"@type":113},"The assignment covers Module 1 through Module 4, and requires five multiple-choice questions for each chapter.",{"name":119,"@type":110,"acceptedAnswer":120},"When are the completed answers collected and can they be submitted early?",{"text":121,"@type":113},"Responses are collected on the second day of school. 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You are tasked with reading the first FOUR chapters of our textbook (the book labels them“modules” but I do not...they are and will forever be called “chapters”) and answering some multiple choice questions to confirm your comprehension.  \nCompleting this will give you a jump start into the essential background concepts and knowledge that are required to begin studying AP Economics.  \nPlease do the following:  \n1. Read the 4 CHAPTERS that follow in this PDF file.  \n2. Complete the end of chapter multiple choice questions (5 for each chapter) found on:  \nChapter 1 : Page 9  \nChapter 2: Page 15  \nChapter 3 : Page 22  \nChapter 4: Page 29  \n3. Your responses to the multiple choice will be collected on the 2nd day of School. If you finish them over the summer and would like to submit them to me early via email, please do so at  \n[brian_alspaugh@mcpsmd.org](brian_alspaugh@mcpsmd.org)  \ns e c t i o n  \nModule 1: The Study of Economics  \nModule 2: Introduction to Macroeconomics  \nModule 3: The Production Possibilities Curve Model  \nModule 4: Comparative Advantage and Trade  \nAppendix: Graphs in Economics  \nEconomics by Example:  \nWhat’s to Love About Economics?  \nBasic Economic Concepts  \nI  \nCOMMON GROUND  \nThe annual meeting of the American Economic Association draws thousands of economists, young and old, famous and obscure. There are booksellers, business meetings, and quite a few job interviews. But mainly the economists gather to talk and listen. During the busiest times, 60 or more presentations may be taking place simultaneously, on questions that range from the future of the stock market to who does the cooking in twoearner families.  \nWhat do these people have in common? An expert on the stock market probably knows very little about the economics of housework, and vice versa. Yet an economist who wanders into the wrong seminar and ends up listening to presentations on some unfamiliar topic is nonetheless likely to hear much that is familiar. The reason is that all economic analysis is based on a set of common princi-  \nuals make choices. None of us lives like Robinson Crusoe, alone on an island—we must make decisions in an environment that is shaped by the decisions of others. Indeed, in our global economy even the simplest decisions you make—say, what to have for breakfast—are shaped by the decisions of thousands of other people, from the banana grower in Costa Rica who decided to grow the fruit you eat to the farmer in Iowa who provided the corn in your cornflakes. And because each of us depends on so many others—and they, in turn, depend on us—our choices interact. So although all economics at a basic level is about individual choice, in order to understand behavior within an economy we must also understand economic interaction—how my choices affect your choices, and vice versa.  \nMany important economic interactions can be understood by looking at the markets for individual goods—for  \nples that apply to many different issues.  \nSome of these principles involve individual choice—for economics is, first of all,  \nabout the choices that individuals make. Do you choose to work during the summer or take a backpacking trip? Do you buy a new CD or go to a movie? These deci  \nsions involve making a choice from among a limited number of alternatives—  \nlimited because no one can have everything that  \nhe or she wants. Every question in economics its most basic level in  \nvolves individuals making choices.  \nBut to understand how an economy works, you need to  \nunderstand more than how individ-  \nOne must choose!  \nexample, the market for corn. But we must also understand economy-wide interactions in order to  \nunderstand how they can lead to the ups and downs we see in the economy as a whole.  \nIn this section ","cbCaibkhUGUUCoOH","https://ap.wps.com/l/cbCaibkhUGUUCoOH","pdf",1584752,31,"English","# Module 1: The Study of Economics\n## Individual Choice: The Core of Economics\n# Module 2: Introduction to Macroeconomics\n# Module 3: The Production Possibilities Curve Model\n# Module 4: Comparative Advantage and Trade\n# Appendix: Graphs in Economics","[{\"question\":\"What is the summer assignment for AP Macroeconomics in Fall 2021?\",\"answer\":\"Students must read the first four chapters in the provided PDF and complete the end-of-chapter multiple-choice questions (five per chapter) to confirm comprehension.\"},{\"question\":\"Which chapters (modules) are included and how many questions are required per chapter?\",\"answer\":\"The assignment covers Module 1 through Module 4, and requires five multiple-choice questions for each chapter.\"},{\"question\":\"When are the completed answers collected and can they be submitted early?\",\"answer\":\"Responses are collected on the second day of school. Students may also submit them early by email during the summer if they finish ahead of time.\"}]","AP Macroeconomics - Summer Assignment for Fall 2021 | PDF",1790758810,78]