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 \n● Economics is social science that studies how resources are used and how they can be used to their full potential  \n● Macro vs. Micro:  \n○ Macroeconomics: th","cbCaihETzA5RdPYn","https://ap.wps.com/l/cbCaihETzA5RdPYn","pdf",404328,24,"English","# Tips for Test\n# What is Economics?\n## Macro vs. Micro\n## Positive vs. Normative\n## Resources and Opportunity Cost\n## Production Possibility Curve","[{\"question\":\"How is the AP Micro exam graded across multiple-choice and FRQ sections?\",\"answer\":\"Two-thirds of the grade comes from multiple choice, while the other third comes from the FRQ. The guide also describes the typical number of questions and allotted time for each section.\"},{\"question\":\"What are the key differences between macroeconomics and microeconomics?\",\"answer\":\"Macroeconomics studies economic problems encountered by the nation as a whole, while microeconomics studies economic problems encountered by individuals within the economy.\"},{\"question\":\"What does a production possibility curve (PPC) show and how do points relate to efficiency?\",\"answer\":\"The PPC shows combinations of two goods produced with the economy’s resources. Points on the curve are efficient, points below are possible but inefficient, and points above are impossible unless resources increase.\"}]","AP Microeconomics Course Study Guide - Tips for Test - What is Economics? | PDF",1790694135]