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Part A: Multiple Choice

AP Macro Unit 1 Practice Test: Basic Economic Concepts

Below is our free AP Macroeconomics Unit 1 practice test. This unit includes key concepts such as scarcity, opportunity cost, production possibilities curves, and comparative advantage. Use these AP Macro practice questions to review the foundations of the course.

	Drones	Robots
United States	20	10
China	15	5

	Cars	Trucks
United States	2 hours	4 hours
Canada	1 hour	3 hours

	Price	Quantity Sold
(A)	No Change	Decrease
(B)	Decrease	Decrease
(C)	Increase	Increase
(D)	Decrease	Increase
(E)	Increase	Decrease

	Price	Quantity Sold
(A)	No Change	Decrease
(B)	Decrease	Decrease
(C)	Increase	Increase
(D)	Decrease	Increase
(E)	Increase	Decrease

	Price	Quantity Sold
(A)	No Change	Decrease
(B)	Decrease	Decrease
(C)	Increase	Increase
(D)	Decrease	Increase
(E)	Increase	Decrease

AP Macro Unit 1 Practice Test: Basic Economic Concepts

Free AP Macroeconomics Tests

AP Macro Practice Tests

Full-Length AP Macro Practice Exam

AP Macro Unit 1 Practice Test: Basic Economic Concepts

Quiz Summary

Information

Results

Results

Categories

1. Question

The basic problem of economics is

2. Question

Any point inside a production possibilities curve represents

3. Question

Any point on a production possibilities curve represents

4. Question

Any point outside of a product possibilities curve

5. Question

China and the United States both produce drones and robots. The table below shows the number of drones and robots that they can each produce per hour.

Based on the information in the table above, which of the following is true?

6. Question

Canada and the Unites States produce cars and trucks. The table below shows the number of labor hours required to produce a single unit of out.

Based on the information in the table above, which of the following is true?

7. Question

If a hurricane destroys a nation’s crop of oranges, the price and quantity sold will change in the short run in which of the following ways?

8. Question

If the number of consumers of smart watches increases and they are a normal good, what will happen to the equilibrium price and quantity in the short run?

9. Question

There is an improvement in technology to produce electric-powered cars. What will happen to the equilibrium price and quantity in the short run?

10. Question

Assume that there is a decrease in consumers’ incomes. What will happen to the equilibrium price and quantity for coffee assuming it is a normal good?

Next: AP Macro Unit 2 Practice Test