Practice Sets
50 scored practice sets. Answer each question, check it, read the explanation — then finish for your score.
Macroeconomics drills
AD-AS Model Drill 1
Ten original multiple-choice questions on aggregate demand and aggregate supply basics.
10 questionsAD-AS Analysis Drill 2
Ten original multiple-choice questions applying the AD-AS model to shocks and policy.
10 questionsGDP Fundamentals Drill 1
Ten original multiple-choice questions on what GDP measures and how it is counted.
10 questionsGDP Measurement Drill 2
Ten original multiple-choice questions on real vs nominal GDP, deflators, and GDP comparisons.
10 questionsInflation Basics Drill 1
Ten original multiple-choice questions on the CPI, inflation measurement, and its causes.
10 questionsInflation Measurement Drill 2
Ten original multiple-choice questions on price indexes, real vs nominal values, and inflation effects.
10 questionsMoney and Banking Drill 1
Ten original multiple-choice questions on the functions of money and fractional-reserve banking.
10 questionsCentral Banking Drill 2
Ten original multiple-choice questions on central banks, monetary policy tools, and interest rates.
10 questionsUnemployment Basics Drill 1
Ten original multiple-choice questions on measuring unemployment and its types.
10 questionsUnemployment Analysis Drill 2
Ten original multiple-choice questions on unemployment dynamics, costs, and policy.
Exam review
AP Micro-Style Practice 1
Ten original AP Micro-style MCQs: scarcity, PPC, supply and demand. Written in exam style; not real AP questions.
10 questionsAP Micro-Style Practice 2
Ten original AP Micro-style MCQs: costs, perfect competition, monopoly. Written in exam style; not real AP questions.
10 questionsAP Micro-Style Practice 3
Ten original AP Micro-style MCQs: factor markets, externalities, public goods. Written in exam style; not real AP questions.
10 questionsData Interpretation 1 — Tables and Calculations
Ten original data-based MCQs: read tables, compute elasticities, costs, and revenues from numbers.
10 questionsData Interpretation 2 — Graphs and Scenarios
Ten original data-based MCQs: interpret shifts, surplus areas, and multi-step scenarios.
10 questionsMicro Exam Strategy — Practice Set
Ten original MCQs on exam technique: reading graphs, avoiding traps, and time management for micro exams.
10 questionsUltimate Micro Mock — Exam Focus
Ten challenging original MCQs across the full micro curriculum. Written in exam style; not real exam questions.
Microeconomics drills
Consumer Theory — Practice Set 1
Ten original MCQs on utility, marginal utility, and the budget constraint.
10 questionsConsumer Theory — Practice Set 2
Ten original MCQs on indifference curves, MRS, and consumer equilibrium.
10 questionsCost Curves and Long-Run Costs — Practice Set
Ten original MCQs on MC/ATC/AVC relationships, long-run average cost, and returns to scale.
10 questionsDemand Basics — Practice Set 1
Ten original MCQs on the law of demand, demand schedules, and movements versus shifts.
10 questionsDemand Shifts and Applications — Practice Set 2
Ten original MCQs applying demand shifters to real-world scenarios and trickier cases.
10 questionsEconomies and Diseconomies of Scale — Practice Set
Ten original MCQs distinguishing scale, scope, and returns concepts with applications.
10 questionsPrice Elasticity of Demand — Practice Set 1
Ten original MCQs on computing and interpreting price elasticity of demand.
10 questionsElasticity Applications — Practice Set 2
Ten original MCQs on income elasticity, cross elasticity, and supply elasticity.
10 questionsElasticity Challenge — Practice Set 3
Ten original advanced MCQs on elasticity: determinants, extremes, and policy uses.
10 questionsMarket Equilibrium — Practice Set 1
Ten original MCQs on equilibrium price and quantity, surpluses, shortages, and market clearing.
10 questionsMarket Equilibrium — Practice Set 2
Ten original MCQs on simultaneous shifts, comparative statics, and equilibrium applications.
10 questionsExternalities — Practice Set 1
Ten original MCQs on negative and positive externalities, MSC/MSB, and market failure.
10 questionsExternalities — Practice Set 2
Ten original MCQs on externality diagrams, policy comparison, and tricky cases.
10 questionsFactor Markets — Practice Set 1
Ten original MCQs on derived demand, MRP, and hiring decisions.
10 questionsFactor Markets — Practice Set 2
Ten original MCQs on wages, unions, discrimination, and capital markets.
10 questionsInformation Economics — Practice Set
Ten original MCQs on asymmetric information, adverse selection, moral hazard, and signaling.
10 questionsMixed Micro Review 1
Ten original MCQs spanning scarcity through consumer theory.
10 questionsMixed Micro Review 2
Ten original MCQs spanning costs, competition, and monopoly.
10 questionsMixed Micro Review 3
Ten original MCQs spanning factor markets, externalities, and public goods.
10 questionsMonopoly — Practice Set 1
Ten original MCQs on monopoly demand, MR, and profit maximization.
10 questionsMonopoly — Practice Set 2
Ten original MCQs on price discrimination, natural monopoly, and regulation.
10 questionsPerfect Competition — Practice Set 1
Ten original MCQs on the competitive firm's demand, MR, and profit maximization.
10 questionsPerfect Competition — Practice Set 2
Ten original MCQs on long-run adjustment, efficiency, and competitive dynamics.
10 questionsProduction Possibilities Curve — Practice Set 1
Ten original MCQs on the PPC: efficiency, attainability, increasing opportunity cost, and shifts.
10 questionsProduction and Costs — Practice Set 1
Ten original MCQs on production functions, TP/MP/AP, and diminishing returns.
10 questionsProduction and Costs — Practice Set 2
Ten original MCQs on fixed/variable costs, ATC, AVC, AFC, and marginal cost.
10 questionsPublic Goods and Common Resources — Practice Set
Ten original MCQs on nonrivalry, nonexcludability, free-riding, and the tragedy of the commons.
10 questionsScarcity and Opportunity Cost — Practice Set
Ten original MCQs on scarcity, trade-offs, opportunity cost, and comparative advantage basics.
10 questionsSupply Basics — Practice Set 1
Ten original MCQs on the law of supply, supply schedules, and movements versus shifts.
10 questionsSupply Shifts and Applications — Practice Set 2
Ten original MCQs applying supply shifters to scenarios and policy cases.
Markets quiz
Monopolistic Competition — Practice Set
Ten original MCQs on product differentiation, short-run profit, and long-run tangency.
10 questionsOligopoly and Game Theory — Practice Set
Ten original MCQs on interdependence, Nash equilibrium, and collusion.
10 questionsPrice Controls — Practice Set
Ten original MCQs on price ceilings, price floors, and their market consequences.