Unit Practice Tests

Test your knowledge with a full-length practice test for each unit.

Unit 1

Basic Economic Concepts

Foundational economic ideas like scarcity, opportunity cost, and comparative advantage.

Unit 2

Economic Indicators and the Business Cycle

Metrics like GDP, unemployment, and inflation that measure the health of an economy.

Unit 3

National Income and Price Determination

Models of aggregate demand and supply that determine economic output and price levels.

Unit 4

Financial Sector

The role of money, banking, interest rates, and financial markets in the economy.

Unit 5

Long-Run Consequences of Stabilization Policies

The effects of fiscal and monetary policy on long-term economic growth and stability.

Unit 6

Open Economy—International Trade and Finance

How international trade, finance, and exchange rates affect an economy.