Micro Mix #4 — 38 Minutes of True/False Practice

37 minutes of exam-style True/False microeconomics, worked out loud. Every statement is read, you get a beat to decide, and then the reasoning follows — not just the verdict. Nothing is skipped. ▶ How to use it: pause the moment a statement finishes, commit to TRUE or FALSE out loud, and only then let the explanation run. Recognising the right answer is a different skill from producing it, and an exam only rewards the second one. Built for ECON 101 and for anyone revising for a university midterm or final — and for finding out which ideas you only think you understand. What is covered: - Demand, supply, and how a market reaches equilibrium - Elasticity — and who really carries a tax or a price rise - Scarcity, trade-offs and opportunity cost on the PPF - Costs of production, and how a firm chooses its output - The labour market, wages and the demand for labour - International trade, tariffs and comparative advantage - Exchange rates in the open economy - Government intervention: taxes, subsidies, floors and ceilings - Substitutes, complements and linked markets Search terms: microeconomics, micro exam practice, ECON 101 revision, true or false economics quiz, demand and supply, elasticity, market equilibrium, opportunity cost, PPF, labour market, international trade, exchange rates, taxes and subsidies. 👍 Subscribe — a new video every day at 18:00. 🎓 Microeconomics with Michael · Michael Raviv #microeconomics #economics #econ101 #examprep #truefalse #studyeconomics