SAT / PSAT
SAT / PSAT Prep
History & Social Science
AP World History AP US History AP European History AP Human Geography AP US Government & Politics AP Psychology AP Macroeconomics AP Microeconomics
English
AP English Language & Composition AP English Literature & Composition
Math & Computer Science
AP Calculus AB/BC AP Precalculus AP Statistics AP Computer Science A AP Computer Science Principles
Sciences
AP Biology AP Chemistry AP Environmental Science AP Physics 1 AP Physics 2
World Languages & Arts
AP Spanish Language AP Art History AP Music Theory Start studying →
⚖️ Unit 1 · Basic Economic Concepts 🏠 Unit Hub 🗂 Flashcards 🗺 Cheat Sheet Essentials 🎨 Visual Review 📝 MC Practice FRQ Practice

AP Microeconomics Unit 1 FRQ Practice

Practice a College Board-style free response question on Basic Economic Concepts. Write your response, then reveal the model answer to see exactly what earns each point.

← Back to Unit 1 hub
Free Response Question · Unit 1 · PPC & Comparative Advantage

Suppose two countries, Alpha and Beta, each have resources that can be used to produce only two goods: textiles and machinery. Using all of its resources, each country can produce the maximum combinations shown below.

CountryMax Textiles (units)Max Machinery (units)
Alpha6030
Beta4040
A
Calculate Alpha's opportunity cost of producing one unit of machinery, in terms of textiles. Show your work.

✓ Model answer (earns the point)

Alpha can produce a maximum of 60 textiles OR 30 machinery. Giving up all textile production (60 units) to produce 30 units of machinery means each unit of machinery costs 60/30 = 2 units of textiles.

Why it scores: Shows the calculation (60 textiles ÷ 30 machinery) and states the correct numerical answer with units (2 textiles per unit of machinery). A correct answer without showing the ratio calculation may not earn full credit.
B
Determine which country has the comparative advantage in producing machinery. Justify your answer using opportunity cost.

✓ Model answer (earns the point)

Beta has the comparative advantage in machinery. Alpha's opportunity cost of one unit of machinery is 2 textiles (from Part A). Beta's opportunity cost of one unit of machinery is 40/40 = 1 textile. Since Beta's opportunity cost (1 textile) is lower than Alpha's (2 textiles), Beta should specialize in machinery.

Why it scores: Calculates Beta's opportunity cost, explicitly compares it to Alpha's, and correctly identifies the country with the lower opportunity cost. Simply naming a country without the opportunity cost comparison would not earn the point.
C
Suppose Alpha and Beta specialize according to comparative advantage and agree to trade at a rate of 1 unit of machinery for 1.5 units of textiles. Explain why this rate of trade is mutually beneficial for both countries.

✓ Model answer (earns the point)

This trade rate is mutually beneficial because 1.5 textiles per machinery falls between each country's own opportunity cost of machinery — Alpha's domestic opportunity cost is 2 textiles per machinery, and Beta's is 1 textile per machinery. Because Alpha can obtain machinery through trade for only 1.5 textiles instead of giving up 2 textiles domestically, trading is cheaper than producing machinery itself. Beta, meanwhile, can sell machinery for 1.5 textiles even though it only cost Beta 1 textile to produce — earning more in trade than its production cost. Since both countries get a better deal through trade than through producing the good domestically, both gain from trading at this rate.

Why it scores: Identifies that the trade rate sits between both countries' opportunity costs AND explains, for each country specifically, why the rate beats their own domestic opportunity cost. Just saying "both countries benefit" without the opportunity-cost comparison would not earn the point.

How to score points on AP Microeconomics FRQs