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Economics (5911) — Information & Free Practice

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Economics (5911)

Provider
Educational Testing Service
Format
Computer-delivered selected-response questions. The overview describes one answer from four; test-specific sample questions 29/30 explicitly ask for TWO answers. Graphs, tables, payoff matrices and numerical calculations are evidenced. Calculators are prohibited. Generic Praxis numeric-entry/audio/video examples do not prove those modes apply to 5911.
Exam questions
Total questions: 110.
Examination outline
  • Fundamental Economic Concepts (20%)
    • Scarcity, choice, opportunity costs, and factors of production
    • Marginal cost and marginal benefit analysis
    • Production possibilities, opportunity cost, efficiency, and growth
    • Absolute and comparative advantage, specialization, interdependence, and gains from trade
    • Economic systems and basic economic choices
    • Individuals, businesses, government, and the circular flow model
    • Evaluating charts and graphs
  • Microeconomics (45%)
    • Supply and Demand
    • Product Market
    • Factor Markets
    • Government Policy and Regulation of Markets
  • Macroeconomics (35%)
    • Economic Performance and Fluctuations
    • Money and Banking and the Federal Reserve System
    • Fiscal and Monetary Policies
    • Macroeconomics of the Open Economy
Examination sources