Free AP Economics Practice Test

<p>Hi,</p>

<p>I just found a free micro test online…can someof you genius take this test for fun, and post the answers?</p>

<p>I don’t know if I got the questions right…they don’t have an answer key…</p>

<p><a href=“http://www.ih.k12.oh.us/hsslonim/AP_Economics/Micro%20Units/AP%20Microeconomics%20Practice%20Test.doc[/url]”>www.ih.k12.oh.us/hsslonim/AP_Economics/Micro%20Units/AP%20Microeconomics%20Practice%20Test.doc</a></p>

<p>thanks…if you finish this test, plz post the answers…thanks</p>

<p>Does anybody know if this free micro test is a real collegeboard test? If it is, then what year is it?</p>

<p><a href=“http://ucsu.colorado.edu/~choin/Econ2020-300/practiceTest%20mid1.pdf[/url]”>http://ucsu.colorado.edu/~choin/Econ2020-300/practiceTest%20mid1.pdf&lt;/a&gt;&lt;/p&gt;

<p>Here’s another free AP Economics Exam.
Good luck tomorrow!</p>

<p>P.s. - if you have any more tests, please post them…thanks</p>

<p>wow thanks guys i’ll look for more</p>

<p>Thanks guys!! :)</p>

<p>Well, the real ones are here…</p>

<p><a href=“AP Microeconomics Exam – AP Students | College Board”>http://www.collegeboard.com/student/testing/ap/economics_micro/samp.html?micro&lt;/a&gt;&lt;/p&gt;

<p>type in exactly ‘ap macro review’ (without quotes) into google, then pick the second one from the bottom. AWESOME powerpoint.</p>

<p>Dina’s Test:

  1. E
  2. C
  3. C
  4. B
  5. B
  6. A
  7. B
  8. C
  9. B
  10. B
  11. C
  12. D
  13. A
  14. C
  15. D?
  16. C
  17. B
  18. D
  19. A
  20. D
  21. D
  22. B
  23. D
  24. A
  25. B
  26. B
  27. help!
  28. help!
  29. C
  30. B
  31. C
  32. B
  33. A
  34. B
  35. A (Question is poorly worded, A is always true, but consumer’s incomes going up as in E if the good was inferior could be ambiguous)
  36. D
  37. D
  38. C
    39.E
    40.A
  39. A
  40. C
  41. C
  42. A
  43. B
  44. D
  45. B
  46. C
  47. B
  48. C
  49. B
  50. A
  51. C
  52. C
  53. D
  54. B
  55. B
  56. D
  57. B
  58. A</p>

<p>missy, that powerpoint isn’t showing up on google for me. post a link.</p>

<p><a href=“http://www.google.com/search?q=cache:Fm-YbI1SzQYJ:hsfs2.ortn.edu/myschool/bbauman/Macro%2520Economics/AP%2520Test%2520Review/COMMON%2520MISTAKES%2520ON%2520THE%2520AP%2520MACRO%2520EXAM.ppt+ap+macro+review&hl=en&ct=clnk&cd=19&gl=us[/url]”>http://www.google.com/search?q=cache:Fm-YbI1SzQYJ:hsfs2.ortn.edu/myschool/bbauman/Macro%2520Economics/AP%2520Test%2520Review/COMMON%2520MISTAKES%2520ON%2520THE%2520AP%2520MACRO%2520EXAM.ppt+ap+macro+review&hl=en&ct=clnk&cd=19&gl=us&lt;/a&gt; does that work? edit: ok it does :smiley: just click the link at the top and it will take you to the powerpoint.</p>

<p><em>gasp</em> oh my gosh check it out <a href=“Higher Education Support | McGraw Hill Higher Education”>Higher Education Support | McGraw Hill Higher Education; i LOVE it! great for graph practice!!! AAAAAAAAAAAAA I AM SAVED</p>

<p>Dina’s test:</p>

<ol>
<li>C (A decrease in unemployment means resources are being used more efficiently, but not that there are more resources available)</li>
<li>D (The price is constant regardless of output)</li>
<li>C (The optimal is at the point where MR=MC. The price is then of course determined by the demand at that output level)</li>
<li>(I believe normal goods are assumed unless otherwise stated)</li>
<li>A (Just look at a graph…MR<AR… fig 3, for example)</li>
</ol>

<p>I didn’t do all the questions. Please let me know why you answered differently the questions you answered differently (If I’m wrong, that is).</p>

<ol>
<li>you’re correct. I marked E originally, switching it to C on my paper. However, I accidentally typed E on the post.</li>
<li>Yeah, thats what I thought.
28: I just couldn’t read the graphs on my laptop. You are correct.</li>
<li>I agree. That’s why I chose the answer I did.</li>
<li>I marked A, I don’t know why I typed B.
Thank you!</li>
</ol>

<p>isn’t #23 B? If two goods are similar to substitutes, an increase in the price of one would lower that product’s demand, which increases the demand for the other product.</p>

<p>For 28, what’s the difference between A and C besides the fact that I’ve never seen A before?</p>

<p>33, doesn’t the burden always affect both consumer and producer?</p>

<p>ne1 here for macro ONLY? cuz that micro stuff- hehe i dont know it that well.</p>

<p>wow.thanks you guys</p>

<p>33 is D. Demand is more elastic (not perfectly elastic) than supply and therefore the producers bear MORE of the tax but not ALL of it.</p>

<p>Figure 4</p>

<p>Number of workers Output
0 0
1 5
2 11
3 19
4 25
5 29
6 31
7 31
8 30</p>

<ol>
<li><p>In Figure 4 the “law of diminishing returns” sets in with the addition of the _____ worker.
A. 1
B. 2
C. 4
D. 7
E. 8</p></li>
<li><p>If a natural disaster occurs that adversely affects production and shipping,
A. the firm’s supply curve will shift to the right
B. the firm’s demand curve will shift to the right
C. the firm’s demand curve will shift to the left
D. the firm’s supply curve will shift to the left
E. Neither curve will shift, but instead movement will be along each curve</p></li>
<li><p>If supply and demand both increase, we can correctly conclude that</p></li>
</ol>

<p>I. Equilibrium price will rise
II. Equilibrium price is indeterminate
III. Equilibrium quantity will rise
IV. Equilibrium quantity is indeterminate</p>

<p>A. I only
B. I and III only
C. II and IV only
D. II and III only
E. I and IV only
isn’t this one E?</p>

<p>and is 27 B?</p>

<ol>
<li><p>If one firm in a perfectly competitive industry experiences a technological breakthrough that lowers only that firm’s cost of production, which of the following correctly describes the effect on this firm’s price, quantity, and profit?</p>

<p>Price Quantity Profit
A. decrease decrease decrease
B. decrease increase increase
C. no change decrease increase
D. no change increase increase
E. increase increase increase
isn’t this one B?</p></li>
</ol>

<p>Quantity Average Average Marginal
of Output Variable Cost Total Cost Cost</p>

<pre><code> 0
1 50 250 50
2 45 145 40
3 41.7 108.4 35
4 40 90 35
5 40 80 40
6 40.8 74.1 45
7 42.1 70.7 50
8 44.3 69.3 60
</code></pre>

<ol>
<li> Refer to Figure 14. If product price is $47.00, to maximize profits this firm will produce:</li>
</ol>

<p>A. zero, the firm will lose money by producing any level of output
B. zero in the short run, but 6 in the long run
C. zero in the long run, but 6 in the short run
D. 1 in the short run, but 7 in the long run
E. 7 in the long run, but 1 in the short run</p>

<p>why not A?</p>

<p>I totally agree with .chicken run.</p>

<p>

</p>

<p>I was thinking D…</p>