By Eric Dodge
Get prepared to your AP examination with this easy and easy-to-follow examine consultant, up-to-date for the entire most recent examination changes!
5 Steps to a five: AP Microeconomics good points a good, 5-step plan to lead your education software and assist you construct the abilities, wisdom, and test-taking self assurance you must be triumphant. This absolutely revised variation covers the newest direction syllabus and offers version assessments that replicate the newest model of the exam.
Inside you are going to find:
- 5-Step Plan to an ideal five: 1. organize Your examine application 2. be sure Your try Readiness three. advance ideas for fulfillment four. boost the information you want to ranking excessive five. construct Your Test-Taking self belief
- 2 whole perform AP Microeconomics tests
- 3 separate plans to suit your research type
- Review fabric up to date and geared to the newest checks
- Savvy details on how assessments are developed, scored, and used
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Additional info for AP Microeconomics, 2014-2015 Edition
2, identify the area of consumer surplus. (A) 0ACB (B) 0FCB (C) AFC (D) ACE (E) FCE 8. Suppose the price of beef rises by 10 percent and the quantity demanded of beef falls by 20 percent. We can conclude that (A) demand for beef is price elastic and consumer spending on beef is falling. (B) demand for beef is price elastic and consumer spending on beef is rising. (C) demand for beef is price inelastic and consumer spending on beef is falling. (D) demand for beef is price inelastic and consumer spending on beef is rising.
27. If the above firm were a monopsonist, the wage would be _________ and employment would be _________ the competitive outcome. (A) greater than; less than (B) less than; greater than (C) greater than; greater than (D) less than; less than (E) less than; the same as 28. Which of the following is the best example of a public good? (A) A visit to the orthodontist (B) A session at the tanning salon (C) A large pizza (D) A cup of coffee (E) The Hubble Space Telescope 29. A negative externality from the production of a good exists when (A) the market overallocates resources to the production of this good.
Fall asleep knowing that you are well prepared. GOOD LUCK ON THE TEST! 2 STEP Determine Your Test Readiness CHAPTER 3 Take the Diagnostic Exam This page intentionally left blank CHAPTER 3 Take the Diagnostic Exam IN THIS CHAPTER Summary: This chapter includes a diagnostic exam for microeconomics. It is only half the length of the real thing and is restricted to multiple-choice questions. It is intended to give you an idea of where you stand with your preparation. The questions have been written to approximate the coverage of material that you will see on the AP exam and are similar to the review questions at the end of each chapter in this book.
AP Microeconomics, 2014-2015 Edition by Eric Dodge