Unit 4: Resource Markets

III. Students should be able to recognize and appreciate the differences in organization and operations that exist within businesses operating in our economy.

(Aligns with College Board Standard 3: This course provides instruction in markets for factors such as land labor and capital.)


Standard 1: The Difference Between Product and Resource Markets

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Standard 2: Wage Determination in Competitive Markets

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Standard 3: Wage Determination in Imperfectly Competitive Markets (Monopsony)

-Quiz:
Standard 4: Markets for Land and Capital

-Quiz:
Standard 5: Resource Allocation (Least-Cost and Profit Maximizing Combinations of Inputs)

-Quiz:
Unit Test Review