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Economics

Micro and macro fundamentals: supply/demand, market structures, GDP, monetary and fiscal policy.

About this event

Economics covers both microeconomics and macroeconomics at roughly an AP level. Micro topics include supply and demand, elasticity, and the spectrum of market structures from perfect competition to monopoly; macro topics include GDP, inflation, unemployment, fiscal and monetary policy, and international trade. Expect a mix of graph interpretation, definitions, and applied scenarios about how policy decisions ripple through an economy.

Test day

What to expect

60 minutes, 100 questions

You have 60 minutes to answer 100 multiple-choice questions. Each question has four options (A, B, C, D) with exactly one correct answer. There is no penalty for wrong answers -- always fill in your best guess.

Computer-graded, instant results

Tests are machine-scored. Questions are drawn from the official FBLA topic outline for this event, distributed proportionally across all topic areas. Expect a mix of recall (definitions, formulas), application (scenario-based), and analysis questions.

Top scorers advance

The highest-scoring competitors at each regional advance to the state competition. State winners compete at the National Leadership Conference (NLC). Study the official FBLA topic outline -- it lists the exact subject areas and their approximate weight on the test.

What's on the test

Supply & demandElasticityMarket structures (perfect competition → monopoly)GDP & growthInflation & unemploymentFiscal policyMonetary policy (Fed)International tradeExternalitiesEconomic indicators

Study resources

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