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AP Micro & Macro Economics Quiz

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Micro and macro facts

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AP Micro & Macro Economics Quiz
 

AP Micro & Macro Economics QuizOnline version

Micro and macro facts

by Avy
1

The law of demand states that as price falls, quantity demanded increases, ceteris paribus.

2

Fiscal policy uses government spending and taxation to influence the economy.

3

In perfect competition, many firms, identical products, and easy entry and exit.

4

In microeconomics, policy aims ignore costs when maximizing welfare.

5

Price ceilings generally raise quantity supplied.

6

Microeconomics studies how individuals and firms decide on resources.

7

Externalities do not affect market efficiency.

8

GDP includes household chores and volunteer work in its calculations.

9

Monetary policy directly changes government spending.

10

Macroeconomics analyzes aggregates like GDP, unemployment, and inflation.

11

The spectrum includes radio, microwave, infrared, visible, ultraviolet, X-rays, and gamma rays.

12

Visible light frequency is higher than X-ray frequency.

13

Gamma rays have longer wavelengths than radio waves.

14

Infrared waves travel faster than ultraviolet waves in vacuum.

15

All electromagnetic waves require a medium to propagate.

16

Radio waves have the longest wavelengths in the electromagnetic spectrum.

17

Microwaves can be seen with the naked eye.

18

The visible spectrum ranges roughly from 380 to 750 nanometers.

19

X-rays have shorter wavelengths than visible light.

20

In vacuum, all electromagnetic waves travel at the speed of light.

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