AP Macroeconomics Final Exam - Multiple Choice Questions And Answers
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AP Macroeconomics
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AP Macroeconomics
AP Macroeconomics Final Exam - Multiple
Choice Questions And Answers
What goods and services are produced?
The question of "How are goods and services produced?" most closely addresses which of the
following issues? B.
Should Ford use expensive industrial robots or inexpensive Mexican autow...
AP Macroeconomics Final Exam - Multiple
Choice Questions And Answers
What goods and services are produced?
The question of "How are goods and services produced?" most closely addresses which of the
following issues? B.
Should Ford use expensive industrial robots or inexpensive Mexican autoworkers to produce
SUV's?
The opportunity cost of a decision is measured in terms of C.
the next best thing given up.
Mothers Against Drunk Drivers (MADD) campaigned to increase the legal penalties of drunk
driving. This successful campaign ____ of drunk driving. C.
increased the marginal cost
Which of the following is an example of a sunk cost? A.
after you start watching a movie, the $8 you paid for the ticket
, AP Macroeconomics Final Exam - Multiple
Choice Questions And Answers
The cost of a one-unit increase in an activity is called the C.
marginal cost.
Correlation means C.
the values of two variables move in a predictable and related way.
By donating $1,000 to the Salvation Army, Caroline reduces her taxable income. To Caroline, the
reduction in her taxable income is C.
An incentive
In economics, there are two types of statements. One describes what is; the other describes what
ought to be. These statements are D.
positive and normative
Which of the following is NOT a normative economic statement? C.
Teenagers are responsible for most driving fatalities.
Which of the following is a macroeconomic topic? C.
, AP Macroeconomics Final Exam - Multiple
Choice Questions And Answers
Why did production and jobs expand rapidly in 2004?
Economists try to isolate the effect of one variable at a time. They do so by A.
holding all other relevant factors the same.
A slope is measured as the C.
change in the value of variable on the y-axis divided by the change in the value of the variable on
the x-axis.
To help unscramble cause and effect, economists B.
must use the ceteris paribus assumption.
What typically happens to benefits as the amount of an activity is increased? D.
Marginal benefit decreases.
Making choices on the margin means B.
comparing all relevant alternatives systematically and incrementally.
, AP Macroeconomics Final Exam - Multiple
Choice Questions And Answers
Positive statements are statements about D.
what is.
A common political statement in the United States is that we must strengthen social security.
This statement is an example of C.
a normative statement.
The figure above shows a B.
scatter diagram.
In the above figure, as the y variable increases, A.
the x variable is constant.
Which of the following directly contributes to people's standard of living? A.
consumption goods and services
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