US College AP Economics Macro Test 4

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20 questions · All questions on one page

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College Entrance — Test 4 (Ap Economics Macro) High School (Grades 11-12, College Entrance, USA) USA College Board (SAT/ACT/AP) — USA

What is this test? for College Entrance prep (SAT/ACT/PSAT/AP), USA — high school to college transition — High School (Grades 11-12, College Entrance, USA) level, USA.
Is this for you? For High School students (grades 11-12) preparing for SAT, ACT, PSAT or AP in the USA
Section: College Entrance — Test 4 (Ap Economics Macro) · Education: High School (College Prep) · Part: College Entrance — Test 4 (Ap Economics Macro) · Country: USA

Economics is a fundamental social science examining the relationship between unlimited wants and scarce resources.

This test will help you assess your knowledge of micro- and macro-economics.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is fiscal policy?

A) Tax-spend management

B) Court rulings

C) Trade deals

D) Money printing

Question 2

What is money supply?

A) Gold only

B) Cash plus deposits

C) Stocks

D) Bonds

Question 3

What is perfect competition?

A) One seller

B) Few sellers

C) Many sellers same good

D) No sellers

Question 4

What is the multiplier?

A) Tax hike

B) No effect

C) Savings only

D) Spending ripple

Question 5

What is monopolistic?

A) Many sellers varied

B) One seller

C) Few sellers

D) No sellers

Question 6

Which of the following best defines monetary policy?

A) Congress taxes

B) Fed money control

C) Courts fine

D) States borrow

Question 7

Which term means "Lent money paper"?

A) scarcity

B) opportunity cost

C) a bond

D) equilibrium

Question 8

Provide the definition of the national debt:

A) Yearly deficit

B) State debts

C) Bank loans

D) Owed total

Question 9

Provide the definition of a bank run:

A) Panic withdrawals

B) Long lines

C) New deposits

D) Calm day

Question 10

What best defines profit?

A) Loss

B) Gain over cost

C) Break even

D) No sales

Question 11

Provide the definition of competition:

A) One seller

B) No sellers

C) Rival sellers

D) Government only

Question 12

Provide the definition of interest:

A) Free money

B) Savings gift

C) Tax refund

D) Borrowing cost

Question 13

What best defines crowding out?

A) Govt borrowing raises rates

B) More investment

C) Lower rates

D) No effect

Question 14

Which term means "Rising prices"?

A) scarcity

B) inflation

C) opportunity cost

D) equilibrium

Question 15

Provide the definition of a surplus:

A) Deficit

B) Debt

C) Revenue over spending

D) No money

Question 16

Provide the definition of exchange rate:

A) Stock price

B) Wage rate

C) Tax rate

D) Currency price

Question 17

What best defines stagflation?

A) Slow plus prices

B) Fast growth

C) Falling prices

D) Boom

Question 18

Provide the definition of the money multiplier:

A) Tax rate

B) Deposit expansion

C) No expansion

D) Interest only

Question 19

Provide the definition of a stock:

A) Bond

B) Loan

C) Company share

D) Bill

Question 20

What best defines opportunity cost?

A) Money spent

B) No cost

C) Total cost

D) Next-best given up

US College AP Economics Macro Test 4

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