Fourth year of language or AP Economics?

I want to take Spanish V next year (I’ll be a senior), but it is only offered as an honors class. Im already taking 4 AP courses next year (I took 3 sophmore and junior year combined). Will taking this honors class my senior year affect my chances of getting into a top college? I’m not concerned about which is harder, just which one would look better on a college application.

Taking an honors class vs. an AP probably will not move the needle appreciably in any way. Since you would have completed level 4 of Spanish, you will have fulfilled top colleges recommended foreign language preparation. Assuming your GC rates either schedule as “most rigorous,” take the course that interests you more and in which you can perform well.