Practice to Mastery

Practice to Mastery: AP® Microeconomics Practice Exams gives you twelve full rehearsals: 12 full-length, original practice exams written to the published format and difficulty of the AP® Microeconomics Exam.WHAT’S INSIDE- 12 complete practice exams, 756 original questions in all- 720 multiple-choice questions, 60 per exam, mixed across all six units in roughly the proportions the course assigns them, including questions built on shared graphs, tables, and payoff matrices- 36 free-response questions, 3 per exam: one long question worth 10 points that draws on several units, and two short questions worth 5 points each- An answer key and a worked explanation for every multiple-choice question, showing why the correct answer is right- Point-by-point scoring guides for every free-response question, with notes on acceptable answers, model responses, and model graphs drawn to the exam’s labeling standard- A score-estimation table after every exam, so you can track your progress from one exam to the nextREAL FORMAT, REAL TIMINGEvery exam follows the structure of the real one. Section I is 60 multiple-choice questions in 70 minutes and counts for about two-thirds of the score. Section II is three free-response questions in 60 minutes, including a 10-minute reading period, and counts for about one-third. As on the actual exam, the questions are not grouped by unit or labeled by difficulty. Across each Section II you will make assertions, explain economic outcomes, calculate and show your work, draw correctly labeled graphs, and interpret graphs and tables that are given to you. These are the five tasks the exam scores.ALL TWELVE EXAMS COVER THE WHOLE COURSEEach exam samples every unit, from scarcity and comparative advantage to supply and demand, cost curves and perfect competition, monopoly, monopolistic competition, oligopoly and game theory, factor markets and monopsony, and externalities, public goods, and income inequality. The free-response questions rotate through the graphs the exam expects you to draw: side-by-side firm and market graphs, monopoly and natural monopoly, monopsony, price controls and taxes, externalities with corrective policy, and more. Each exam is built on its own scenarios.TURN EVERY EXAM INTO PROGRESSThe value of a practice exam is in the review. This book shows you how to sort every missed question by unit and by task type, keep an error log, and spot the classic traps: accounting versus economic profit, the ATC, AVC, and MC relationships, MR = MC, a monopolist’s price above marginal revenue, elasticity and total revenue, deadweight loss, externality direction, marginal revenue product, and Nash equilibrium. A suggested schedule shows how to pace twelve exams across a semester or the final weeks before the test.WHO IT’S FOR- Students preparing for the AP® Microeconomics Exam- Teachers who need complete, original exams for mock testing or review- Students in a first college course in microeconomics who want timed practiceThis book is the companion to Practice to Mastery: AP® Microeconomics Workbook, which builds the same skills one unit at a time. The two books share no questions.Every question, graph, payoff matrix, and explanation is original and was written for this book.AP® and Advanced Placement® are registered trademarks of the College Board, which was not involved in the production of, and does not endorse, this product.