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AP Macro Unit 1 Basics Test Review

Authored by Rebecca Campbell

Social Studies

12th Grade

Used 32+ times

AP Macro Unit 1 Basics Test Review
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30 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When a chef creates a dinner plate of food for a customer, which of the following represents the physical capital resource?

the chef himself/herself
the food ingredients
the oven
the chef's training and experience

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an example of a positive statement?

The poverty rate should be 4%.
A high rate of economic growth is good for the country.
Health care is a universal right for all citizens.
The federal government pays for 46% of U.S. health care costs.

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following questions is appropriate to the study of microeconomics?

How does the aggregate price level affect overall consumer spending?
How does the level of interest rates affect investment spending?
How much will Sony charge for the new game system to be introduced later this year?
How does the gross domestic product affect overall government spending?

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is an example of a normative statement?

The rate of unemployment is 4%.
A high rate of economic growth creates more jobs for the country.
Everyone in America deserves to be covered by national health insurance.
High school graduation rates in the U.S. are lower than they are in some European nations.

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In an attempt to reduce shooting deaths, some cities have offered money to people who turn in their guns. This program is an example of the government using ________ to influence behavior.

the equity principle
marginal analysis
the law
incentives

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If an economy is producing a level of output that is on its production possibility curve, the economy has:

idle resources.
idle resources but is using resources efficiently.
no idle resources but is using resources inefficiently.
no idle resources and is using resources efficiently.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The U.S. production possibility curve will ________ if there is a large influx of immigrants to the labor force.

shift out
shift in
not change
become more linear in shape

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