Indiana Economics (IAS) Practice

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Scarcity and Economic Reasoning5%
Supply and Demand15%
Market Structures10%
The Role of Government15%
National Economic Performance15%
Money and the Role of Financial Institutions15%
Economic Stabilization15%
  • Questions: 1,318
  • Two-Part Items: 39
  • Vocabulary Terms: 249
  • Performance Tasks: 85
  • Instructional Videos: 60

Test Standards

Scarcity and Economic Reasoning
1. (E.1.1)  Productive Resources
2. (E.1.2)  Role Of Entrepreneurs
3. (E.1.3)  Incentives
4. (E.1.4)  Voluntary Exchange
5. (E.1.5)  Scarcity
6. (E.1.6)  Production Possibilities Curve
7. (E.1.7)  Economic Systems
8. (E.1.8)  Property Rights
9. (E.1.9)  Circular Flow
Supply and Demand
1. (E.2.1)  Supply & Demand
2. (E.2.4)  Changes In Supply & Demand
3. (E.2.2)  Role Of Consumers
4. (E.2.3)  Equilibrium Price
5. (E.2.5)  Prices
6. (E.2.6)  Wage & Price Controls
7. (E.2.7 )  Determining Earnings
8. (E.2.8)  Raising Standards Of Living
Market Structures
1. (E.3.1)  Financing Operations
2. (E.3.2)  Marginal Analysis
3. (E.3.3)  Four Market Structures
4. (E.3.4)  Economies Of Scale
The Role of Government
1. (E.4.1)  Government's Economic Role
2. (E.4.2)  Markets & Production
3. (E.4.3)  Spillovers
4. (E.4.4)  Government Budgets
5. (E.4.5)  Types Of Taxation
6. (E.4.6)  Cost Of Government Policies
7. (E.4.7)  The National Debt
National Economic Performance
1. (E.5.1)  Measuring The Economy
2. (E.5.2)  A Nation's Economic Health
3. (E.5.3)  Measuring GDP
4. (E.5.4)  Causes Of Inflation
5. (E.5.5)  Aggregate Supply & Demand
6. (E.5.6)  Business Cycle
7. (E.5.7)  Unemployment
8. (E.5.8)  Reducing Unemployment
Money and the Role of Financial Institutions
1. (E.6.1 )  Functions Of Money
2. (E.6.2)  US Money Supply
3. (E.6.3)  Role Of Banks
4. (E.6.4)  Banks Create Money
5. (E.6.5)  The Federal Reserve
6. (E.6.6)  Interest Rates As Incentives
7. (E.6.7)  Services Of Financial Institutions
8. (E.6.8)  Financial Markets
Economic Stabilization
1. (E.7.1 &.2)  Explain Fiscal & Monetary Policy
2. (E.7.3)  Promoting Economic Growth
3. (E.7.4)  Effects Of National Debt
4. (E.7.5)  Federal Reserve & Monetary Tools
5. (E.7.6)  Macroeconomic Theories
1. (E.8.1)  Absolute & Comparative Advantage
2. (E.8.2)  Benefits Of Trade
3. (E.8.3)  Balance Of Trade & Payments
4. (E.8.4)  Trade Barriers
5. (E.8.5)  Free Trade
6. (E.8.6)  Exchange Rates