Skip to content
Marlow Works

AP Microeconomics / Unit 1

Unit 1 · 12–15%

Basic Economic Concepts

Scarcity forces trade-offs. Models make those trade-offs visible.

Start first lessonUnit practice

Topics

  • Scarcity and opportunity cost
  • Production possibilities
  • Comparative advantage
  • Marginal analysis

Lessons

Key terms

Original practice

Marlow Works questions. If this unit does not have its own items yet, you will see other questions from the same course.

1 of 1Basic Economic Concepts · easy · short answer

Maya can spend Saturday tutoring for $80 or painting a mural that she values at $50 of enjoyment (and she cannot do both). What is her opportunity cost of tutoring, and why?

Original Marlow Works item — not a College Board question.

Take your time—this is practice, not a test.

Review checklist

  1. 01State a trade-off in terms of what is given up.
  2. 02Read a PPC point as efficient, inefficient, or impossible.
  3. 03Compare opportunity costs before assigning specialization.

Related resources

External links with reuse status. Marlow Works is independent and does not copy restricted exam or textbook material.

  • Official / link only

    AP Microeconomics course page

    Official six-unit framework for markets, costs, and market failure.

    College Board · All rights reserved · accessed 2026-10-01

    Open source

  • CC BY — attribution required

    Principles of Microeconomics: Scarcity and Social Provisioning

    Open microeconomics background for scarcity, markets, and elasticity.

    Open Textbook Library listing · CC BY · accessed 2026-10-01

    Open source

  • Official / link only

    FRED economic data

    Federal Reserve economic data. Terms vary by series; do not scrape or ingest.

    Federal Reserve Bank of St. Louis · Varies by series · accessed 2026-10-01

    Open source