AP Microeconomics Exam FRQ Question Formats 2020-2025

What is the duration of Section II in the AP Microeconomics exam?

• 1 hour

• 2 hours

• 30 minutes

• 45 minutes

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Remembering

Which type of graph is commonly drawn in the long FRQ of the AP Microeconomics exam?

• Monopoly graph

• Perfect competition graph

• Oligopoly graph

• Supply and demand graph

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Understanding

What is the primary focus of the policy-intervention FRQ?

• Analyzing a market graph

• Calculating elasticity

• Drawing a payoff matrix

• Explaining long-run adjustments

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Understanding

Which of the following is NOT a typical policy move analyzed in the policy-intervention FRQ?

• Price floor

• Tax

• Subsidy

• Elasticity

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Evaluating

What is the main calculation required in the calculation-heavy FRQ?

• Total revenue

• Deadweight loss

• Producer surplus

• Elasticity

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Remembering

In game theory, what is the term for a strategy that always provides the best outcome regardless of the opponent's choice?

• Dominant strategy

• Nash equilibrium

• Best response

• Payoff matrix

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Understanding

What type of market is compared to a monopsony in linked-market questions?

• Perfectly competitive labor market

• Oligopoly

• Monopoly

• Duopoly

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Remembering

Which FRQ bucket involves analyzing externalities, price controls, and trade?

• FRQ 1

• FRQ 2

• FRQ 3

• FRQ 4

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Understanding

What is the term for the loss of economic efficiency when the equilibrium for a good or service is not achieved?

• Deadweight loss

• Producer surplus

• Consumer surplus

• Marginal revenue

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Remembering

The ability to transfer effects from output market to labor/input market is tested in which type of FRQ?

• Long graph-based chain question

• Applied market analysis

• Compact skills check

• Policy-intervention FRQ

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Understanding