Georgia Milestones - Economics/Business/Free Enterprise EOC: Test Prep & Practice Final Exam

Free Practice Test Instructions:

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Question 1 1. Which of the following is an example of a preference?

Question 2 2. Which of the following would be LEAST likely to occur during an expansionary gap?

Question 3 3. All of the following are true about the demand curve in microeconomics, except what?

Question 4 4. Gross domestic product is an important measure of which of the following goals?

Question 5 5. If a new clothing brand becomes more popular because some recent movie stars endorsed the clothing line, how will it affect the market equilibrium for the clothing brand?

Question 6 6. What is human capital?

Question 7 7. Which of the following was NOT a benefit of destroying 'Ma Bell'?

Question 8 8. How do implicit costs and explicit costs differ?

Question 9 9. Which of the following is NOT a producer?

Question 10 10. If the nominal gross domestic product is $6 trillion and the money supply is $2 trillion, assuming a constant price level, the velocity of money is

Question 11 11. If you go to a coffee shop to buy coffee and end up also buying a cake pop, the cake pop is which kind of good?

Question 12 12. The short-run effects of an unfavorable oil shock would likely include which of the following?

Question 13 13. What field of economics concerns itself with the actions of individuals?

Question 14 14. Which of these is not an example of a subsidy?

Question 15 15. Which of the following is true about private investment?

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Georgia Milestones - Economics/Business/Free Enterprise EOC: Test Prep & Practice Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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