TEST BANK For Microeconomics, 9th edition
ss ss ss ss ss
by Jeffrey M. Perloff, Chapters 1 - 20
ss ss ss ss ss ss ss
,Table of contents
ss ss
1. Introduction
2. Supply and Demand
ss ss
3. Applying the Supply-and-Demand Model
ss ss ss
4. Consumer Choice ss
5. Applying Consumer Theory
ss ss
6. Firms and Production
ss ss
7. Costs
8. Competitive Firms and Markets ss ss ss
9. Applying the Competitive Model
ss ss ss
10. General Equilibrium and Economic Welfare
ss ss ss ss
11. Monopoly
12. Pricing and Advertising ss ss
13. Oligopoly and Monopolistic Competition ss ss ss
14. Game Theory ss
15. Factor Markets ss
16. Interest Rates, Investments, and Capital Markets
ss ss ss ss ss
17. Uncertainty
18. Externalities, Open-Access, and Public Goods ss ss ss ss
19. Asymmetric Information ss
20. Contracts and Moral Hazards ss ss ss
,Chapter ss1 Introduction
1.1 Microeconomics: ssThe ssAllocation ssof ssScarce ssResources
1) Microeconomics ssstudies ssthe ssallocation ssof
A) decision ssmakers.
B) scarce ssresources.
C) models.
D) unlimited
resources.A
ss s NSWER: B
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
2) Microeconomics ssis ssoften sscalled
A) price sstheory.
B) decision ssscience.
C) scarcity.
D) resource
theory.sANSWER:
ss
A
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
3) Most ssmicroeconomic ssmodels ssassume ssthat ssdecision ssmakers sswish ssto
A) make ssthemselves ssas sswell ssoff ssas sspossible.
B) act ssselfishly.
C) make ssothers ssas sswell ssoff ssas sspossible.
D) None ssof ssthe
above.sANSWER:
ss A
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
4) Society ssfaces sstrade- ‑offs ssbecause ssof
A) government ssregulations.
B) profit ssmotive.
C) faceless ssbureaucrats.
, D) scarcity.
ANSWER: D
ss
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
ss ss ss ss ss
by Jeffrey M. Perloff, Chapters 1 - 20
ss ss ss ss ss ss ss
,Table of contents
ss ss
1. Introduction
2. Supply and Demand
ss ss
3. Applying the Supply-and-Demand Model
ss ss ss
4. Consumer Choice ss
5. Applying Consumer Theory
ss ss
6. Firms and Production
ss ss
7. Costs
8. Competitive Firms and Markets ss ss ss
9. Applying the Competitive Model
ss ss ss
10. General Equilibrium and Economic Welfare
ss ss ss ss
11. Monopoly
12. Pricing and Advertising ss ss
13. Oligopoly and Monopolistic Competition ss ss ss
14. Game Theory ss
15. Factor Markets ss
16. Interest Rates, Investments, and Capital Markets
ss ss ss ss ss
17. Uncertainty
18. Externalities, Open-Access, and Public Goods ss ss ss ss
19. Asymmetric Information ss
20. Contracts and Moral Hazards ss ss ss
,Chapter ss1 Introduction
1.1 Microeconomics: ssThe ssAllocation ssof ssScarce ssResources
1) Microeconomics ssstudies ssthe ssallocation ssof
A) decision ssmakers.
B) scarce ssresources.
C) models.
D) unlimited
resources.A
ss s NSWER: B
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
2) Microeconomics ssis ssoften sscalled
A) price sstheory.
B) decision ssscience.
C) scarcity.
D) resource
theory.sANSWER:
ss
A
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
3) Most ssmicroeconomic ssmodels ssassume ssthat ssdecision ssmakers sswish ssto
A) make ssthemselves ssas sswell ssoff ssas sspossible.
B) act ssselfishly.
C) make ssothers ssas sswell ssoff ssas sspossible.
D) None ssof ssthe
above.sANSWER:
ss A
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
4) Society ssfaces sstrade- ‑offs ssbecause ssof
A) government ssregulations.
B) profit ssmotive.
C) faceless ssbureaucrats.
, D) scarcity.
ANSWER: D
ss
Section: The ssAllocation ssof ssScarce
ResourcesQ
ss s uestion ssStatus: Old
AACSB: Analytic ssthinking
