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AP Macroeconomics MCQs

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AP Macroeconomics practice questions by unit

Fiveable has 8,997 AP Macroeconomics multiple-choice practice questions across 6 units. Practice one unit or topic at a time.

  • Unit 1 – Basic Economic Concepts: 1,377 multiple-choice questions
  • Unit 2 – Economic Indicators and the Business Cycle: 1,696 multiple-choice questions
  • Unit 3 – National Income and Price Determination: 1,778 multiple-choice questions
  • Unit 4 – Financial Sector: 1,946 multiple-choice questions
  • Unit 5 – Long-Run Consequences of Stabilization Policies: 1,343 multiple-choice questions
  • Unit 6 – Open Economy – International Trade and Finance: 857 multiple-choice questions

Sample AP Macroeconomics practice question

A small island economy can produce either coconuts or fish. With all resources devoted to coconuts, the island produces 100 coconuts and 0 fish. With all resources devoted to fish, the island produces 50 fish and 0 coconuts. Assuming constant opportunity costs, what is the opportunity cost of producing one additional fish?

2 coconuts must be sacrificed to obtain each additional fish produced

Correct answer

0.5 coconuts must be sacrificed to obtain each additional fish produced

50 coconuts must be sacrificed to obtain each additional fish produced

100 coconuts must be sacrificed to obtain each additional fish produced

1 coconut must be sacrificed to obtain each additional fish produced

Explanation

Calculating opportunity cost requires dividing what is given up by what is gained. Moving from 100 coconuts to 0 coconuts sacrifices 100 coconuts to gain 50 fish, yielding 100/50 = 2 coconuts per fish.

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