CLEP Principles of Microeconomics

Book excerpt: REA's CLEP test preps are perfect for adults returning to college or attending for the first time, military service members, high-school graduates looking to earn college credit, or home-schooled students with knowledge that can translate into college credit. /Our comprehensive review covers all the topics found on the official CLEP exam: economic foundations, economic methodology, price elasticity, supply and demand, cost analysis, and more. /Students start their study by taking our half-length diagnostic practice test online. This timed test includes automatic scoring and diagnostic feedback, so students can pinpoint their strengths and weaknesses. The book includes 2 full-length practice tests that mirror the actual exam, allowing test-takers to become familiar with the test format before taking the CLEP. Each practice test comes with detailed answers, so students can identify areas in need of improvement.