Economics Practice

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Scarcity & Opportunity Cost 9%
Voluntary Exchange 12%
Supply & Demand 13%
Economic Systems 5%
Market Structures, Entrepreneurship, & Institutions 19%
The Role of Money 17%
Economic Growth 9%
Correcting Market Failures 5%
Fiscal & Monetary Policy 10%
  • Questions 1,796
  • Vocabulary Terms 464
  • Performance Tasks 133
  • Instructional Videos 104

Test Standards

Scarcity & Opportunity Cost
1. (E.1.1-1.4)  Scarcity
2. (E.1.5-1.8)  Marginal Costs & Benefits
Voluntary Exchange
1. (E.3.1 )  Incentives
2. (E.3.2-3.5)  International Trade
3. (E.3.6&3.7)  Economic Interdependence
4. (E.3.8&3.9)  Comparative Advantage
5. (E.3.10&3.11)  Transaction Costs
Supply & Demand
1. (E.4.1-4.7)  Supply & Demand
2. (E.4.8)  Exchange Rates
3. (E.4.9-4.12)  Shortages & Surpluses, Ceilings & Floors
Economic Systems
1. (E.2.1-2.5)  Economic Systems
Market Structures, Entrepreneurship, & Institutions
1. (E.5.1-5.4)  Market Structures
2. (E.5.5)  Circular Flow
3. (E.5.6)  Labor Unions
4. (E.5.7 )  Not-For-Profit Organizations
5. (E.5.8 )  Incentives
6. (E.5.9-E.13)  Entrepreneurship
7. (E.5.14-E.17)  Earning Income
The Role of Money
1. (E.6.1-6.2)  Functions of Money
2. (E.6.4&6.5)  Money Supply
3. (E.6.3,6.6,6.8,6.9,6.16)  Inflation
4. (E.6.10-6.13)  Interest Rates
5. (E.6.14-6.15)  Unemployment
Economic Growth
1. (E.7.1-7.2)  Economic Growth
2. (E.7.3-7.4)  Investing
3. (E.7.5-7.8)  GDP
Correcting Market Failures
1. (E.8.1-8.5)  Correcting Market Failures
Fiscal & Monetary Policy
1. (E.9.1&9.2)  Fiscal Policy
2. (E.9.4&9.5)  Governmental Budgets
3. (E.9.3,9.6-9.9)  Monetary Policy