AP Economics Practice Questions
Free multiple-choice practice questions for every AP Microeconomics and AP Macroeconomics module, drawn from our 566-question bank. Each question comes with the correct answer and an explanation. Pick a module below, or take a full timed practice test.
Graph Interpretation drills. The exam's hardest-earned points come from reading supplied graphs. Unlimited questions generated from a live graph and graded by the same math that drew it →AP Microeconomics
Scarcity, opportunity cost, PPCs, and comparative advantage.
Market equilibrium, curve shifts, price controls, and economic shocks.
Price elasticity of demand, total revenue test, and cross-price elasticity.
Utility, indifference curves, budget constraints, and optimal choice.
Short-run production, cost curves, and diminishing returns.
Price-taking firms, profit maximization at P = MC, and long-run equilibrium.
Single-firm markets, MR below price, and deadweight loss.
Product differentiation, short-run profits, and long-run zero-profit.
Game theory, Nash equilibrium, cartels, and strategic behavior.
Labor markets, wage determination, and marginal revenue product.
Externalities, public goods, and government intervention.
Free-rider problem, Pigouvian taxes, and the Coase theorem.
AP Macroeconomics
Circular flow, economic systems, and macroeconomic goals.
Measuring national output, GDP components, and real vs. nominal.
Expansions, peaks, contractions, troughs, and economic indicators.
Types of unemployment, CPI, and the Phillips curve.
AD/AS model, macro equilibrium, output gaps, and macro shocks.
SRAS vs. LRAS and the long-run adjustment process.
Government spending, taxation, multipliers, and budget deficits.
The Federal Reserve, interest rates, and money supply tools.
Saving, investment, real interest rates, and crowding out.
Long-run growth, productivity, and expanding the PPC.
Comparative advantage, tariffs, quotas, and trade effects.
Foreign exchange markets, appreciation, and depreciation.