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5 Steps to a 5: 500 AP Microeconomics Questions to Know by Test Day, Third Edition

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500 ways to achieve your highest score

From Basic Economic Concepts to the Nature and Function of Product Markets to Market Failure and the Role of Government—there is a lot of subject matter to know if you want to succeed on your AP Microeconomics exam. That’s why we’ve selected these 500 AP-style questions and answers that cover all topics found on this exam. The targeted questions will prepare you for what you’ll see on test day, help you study more effectively, and use your review time wisely to achieve your best score.

Each question includes a concise, easy-to-follow explanation in the answer key. You can use these questions to supplement your overall AP Microeconomics preparation or run them shortly before the test. Either way, 5 Steps to a 5: 500 AP Microeconomics Questions will get you closer to achieving the score you want on test day.

ISBN-13: 9781260474695

Media Type: Paperback

Publisher: McGraw Hill LLC

Publication Date: 02-16-2021

Pages: 224

Product Dimensions: 5.90(w) x 8.90(h) x 0.70(d)

Age Range: 14 - 17 Years

Anaxos, Inc. has been creating education and reference materials for over twenty years. Based in Austin, Texas, the company uses writers from across the globe who offer expertise on an array of subjects just as expansive. Brian Reddington earned his bachelor's degree in history from Stony Brook University in Stony Brook, New York, before pursuing a master's degree in special education at Queens College in New York City. A dedicated educator, he has been teaching economics since 2008.

Table of Contents

Introduction vii

Diagnostic Quiz 1

Questions 1-20

Chapter 1 Basic Economic Concepts 19

Questions 21-84

Chapter 2 Supply and Demand 41

Questions 85-187

Chapter 3 Production, Cost, and the Perfect Competition Model 75

Question 188-276

Chapter 4 Imperfect Competition 105

Question 277-354

Chapter 5 Factor Markets 127

Questions 355-439

Chapter 6 Market Failure and the Role of Government 149

Questions 440-500

Answers 167