How much should Nirali study for her history and economics exams if she has a limited amount of time for both? Scholars consider opportunity cost in using this real-world scenario from College Board. Other questions include looking at a movie theater monopoly's effects on a town economy and the social and private benefits, as well as the costs of business competition.

Concepts

microeconomics, test preparation, prices, wages, profit, monopolies, cost-benefit analysis, opportunity cost

Show More Show Less

Additional Tags

social studies

Show More Show Less

Instructional Ideas

• Develop other practice problems similar to the ones in the exam to reinforce instruction
• Use questions to stimulate class discussion on how to approach similar problems

Classroom Considerations

• Free-response questions from the 2018 AP® Microeconomics exam

Pros

• Real-world scenarios allow learners to practice concepts in a relatable format
• Questions give students authentic test practice
• Sample responses make feedback easy to give

Cons

• None

Common Core

RH.9-10.1 RH.9-10.2 RH.9-10.3 RH.9-10.10 RH.11-12.1 RH.11-12.2 RH.11-12.3 RH.11-12.10