About this event
Economics covers core economic concepts, how businesses and economic systems work, government's impact on business, cost and profit relationships, economic indicators, and global trade. How it runs: this is an individual objective test and nothing else. You take a proctored, online test of 100 multiple-choice questions in 50 minutes. Study materials are not allowed, and a calculator is built into the testing platform. Each correct answer is worth one point with no penalty for wrong answers, and your test score is your result.
FormatObjective Test
Duration50-minute online test, 100 multiple-choice questions
Solo or teamIndividual
CategoryBusiness Management
Your plan
How to study
Built from the official topic outline. Take the check and read every lesson here with no account; a free account keeps your progress and opens flashcards, practice and full tests.
Find your weakest area
Take the 7-question check below: one question from each of the 7 areas. It tells you where to start.
Start the checkLearn every area
Every area of the official topic outline is below. Each has a short lesson, flashcards and practice, plus free reading.
See the areasPractice until every bar is full
Practice gives you one question at a time and leans toward the areas you miss. Your readiness meter fills as you get them right in every area.
PracticeTake a full test at the real pace
100 questions in 50 minutes, the official length. Your readiness meter counts your last 3 full tests from the past 30 days, and 90% fills each one.
Take a practice test
The areas of the test
Fundamental Economic Concepts
- Book · OpenStaxPrinciples of Economics 3e, Sec. 1.1: What Is Economics, and Why Is It Important? (opens in a new tab)
- Book · OpenStaxPrinciples of Economics 3e, Sec. 3.1: Demand, Supply, and Equilibrium in Markets for Goods and Services (opens in a new tab)
- Video · CrashCourseCrashCourse (YouTube): Intro to Economics, Crash Course Econ #1 (opens in a new tab)
Nature of Business
- Book · OpenStaxIntroduction to Business 2e, Sec. 1.1: The Nature of Business (opens in a new tab)
- Book · OpenStaxIntroduction to Business 2e, Sec. 1.7: Competing in a Free Market (opens in a new tab)
- Book · OpenStaxIntroduction to Business 2e, Sec. 2.4: Responsibilities to Stakeholders (opens in a new tab)
Economic Systems
- Book · OpenStaxPrinciples of Economics 3e, Sec. 1.4: How To Organize Economies: An Overview of Economic Systems (opens in a new tab)
- Book · OpenStaxIntroduction to Business 2e, Sec. 1.3: How Business and Economics Work (opens in a new tab)
- Video · CrashCourseCrashCourse (YouTube): Economic Systems and Macroeconomics, Crash Course Economics #3 (opens in a new tab)
Government's Impact on Business
- Book · OpenStaxPrinciples of Economics 3e, Sec. 11.2: Regulating Anticompetitive Behavior (opens in a new tab)
- Book · OpenStaxBusiness Law I Essentials 2e, Sec. 10.2: Regulatory Agencies (opens in a new tab)
- Article · Federal Trade CommissionFTC: The Antitrust Laws (Sherman, FTC, and Clayton Acts) (opens in a new tab)
Cost/Profit Relationships
- Book · OpenStaxPrinciples of Economics 3e, Sec. 7.1: Explicit and Implicit Costs, and Accounting and Economic Profit (opens in a new tab)
- Book · OpenStaxPrinciples of Economics 3e, Sec. 7.3: Costs in the Short Run (opens in a new tab)
- Book · OpenStaxPrinciples of Accounting, Volume 2, Sec. 3.2: Calculate a Break-Even Point in Units and Dollars (opens in a new tab)
Economic Indicators
- Book · OpenStaxPrinciples of Economics 3e, Sec. 19.1: Measuring the Size of the Economy: Gross Domestic Product (opens in a new tab)
- Book · OpenStaxPrinciples of Economics 3e, Sec. 21.1: How Economists Define and Compute Unemployment Rate (opens in a new tab)
- Book · OpenStaxPrinciples of Economics 3e, Sec. 22.1: Tracking Inflation (opens in a new tab)
Global Trade
- Book · OpenStaxPrinciples of Economics 3e, Sec. 33.1: Absolute and Comparative Advantage (opens in a new tab)
- Book · OpenStaxPrinciples of Economics 3e, Sec. 34.1: Protectionism: An Indirect Subsidy from Consumers to Producers (opens in a new tab)
- Video · CrashCourseCrashCourse (YouTube): Specialization and Trade, Crash Course Economics #2 (opens in a new tab)
Free reading comes from open textbooks, government health and business sites, free courses and professional associations, never a copy of a book or a test. Every link was checked on November 9, 2026.
Start here
Find your weakest area
7 questions, one from each of the areas of the Economics test. Each one is graded the moment you answer, with the reason, and the last screen tells you which area to study first. No account needed.
Test day
What to expect
50 minutes, 100 questions
You have 50 minutes to answer 100 multiple-choice questions. Each correct answer is worth one point and there is no penalty for wrong answers, so always fill in your best guess.
Machine-scored
Tests are machine-scored. Questions are drawn from the official FBLA topic outline for this event, across all of its topic areas. Expect a mix of recall (definitions, formulas), application (scenario-based), and analysis questions.
Top scorers advance
Top finishers at regionals advance to states, and top finishers at states qualify for the National Leadership Conference (NLC). How many advance depends on your state's rules. Study the official FBLA topic outline, which lists the subject areas the test covers.
Test format
- Time limit50 minutes
- Questions100 multiple choice
- OptionsA, B, C, D, one correct
- GuessingNo penalty, always answer
- CalculatorBuilt into the test
- IndividualSolo event
Competition levels: Regional Leadership Conference, then State Leadership Conference, then National Leadership Conference
Guidelines and resources
Bookmark to saveCurated by ChapterPrep. Free unless noted. External links open in a new tab.