TEST BANK For Microeconomics, 9th edition
|| || || || ||
by Jeffrey M. Perloff, Chapters 1 - 20
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,Table of contents
|| ||
1. Introduction
2. Supply and Demand
|| ||
3. Applying the Supply-and-Demand Model
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4. Consumer Choice ||
5. Applying Consumer Theory
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6. Firms and Production
|| ||
7. Costs
8. Competitive Firms and Markets || || ||
9. Applying the Competitive Model
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10. General Equilibrium and Economic Welfare
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11. Monopoly
12. Pricing and Advertising || ||
13. Oligopoly and Monopolistic Competition
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14. Game Theory ||
15. Factor Markets ||
16. Interest Rates, Investments, and Capital Markets
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17. Uncertainty
18. Externalities, Open-Access, and Public Goods || || || ||
19. Asymmetric Information ||
20. Contracts and Moral Hazards || || ||
,Chapter ||1 Introduction
1.1 Microeconomics: ||The ||Allocation ||of ||Scarce ||Resources
1) Microeconomics ||studies ||the ||allocation ||of
A) decision ||makers.
B) scarce ||resources.
C) models.
D) unlimited ||resources.
ANSWER: B
|
Section: The ||Allocation ||of ||Scarce
|| Resources|Question ||Status: Old
AACSB: Analytic ||thinking
2) Microeconomics ||is ||often ||called
A) price ||theory.
B) decision ||science.
C) scarcity.
D) resource ||theory.
ANSWER: A
|
Section: The ||Allocation ||of ||Scarce
|| Resources|Question ||Status: Old
AACSB: Analytic ||thinking
3) Most ||microeconomic ||models ||assume ||that ||decision ||makers ||wish ||to
A) make ||themselves ||as ||well ||off ||as ||possible.
B) act ||selfishly.
C) make ||others ||as ||well ||off ||as ||possible.
D) None ||of ||the
|| above.|ANSWER: A
Section: The ||Allocation ||of ||Scarce
|| Resources|Question ||Status: Old
AACSB: Analytic ||thinking
4) Society ||faces ||trade- ‑offs ||because ||of
A) government ||regulations.
B) profit ||motive.
C) faceless ||bureaucrats.
, D) scarcity.
ANSWER: D
||
Section: The ||Allocation ||of ||Scarce
Resources|Question ||Status: Old
||
AACSB: Analytic ||thinking
|| || || || ||
by Jeffrey M. Perloff, Chapters 1 - 20
|| || || || || || ||
,Table of contents
|| ||
1. Introduction
2. Supply and Demand
|| ||
3. Applying the Supply-and-Demand Model
|| || ||
4. Consumer Choice ||
5. Applying Consumer Theory
|| ||
6. Firms and Production
|| ||
7. Costs
8. Competitive Firms and Markets || || ||
9. Applying the Competitive Model
|| || ||
10. General Equilibrium and Economic Welfare
|| || || ||
11. Monopoly
12. Pricing and Advertising || ||
13. Oligopoly and Monopolistic Competition
|| || ||
14. Game Theory ||
15. Factor Markets ||
16. Interest Rates, Investments, and Capital Markets
|| || || || ||
17. Uncertainty
18. Externalities, Open-Access, and Public Goods || || || ||
19. Asymmetric Information ||
20. Contracts and Moral Hazards || || ||
,Chapter ||1 Introduction
1.1 Microeconomics: ||The ||Allocation ||of ||Scarce ||Resources
1) Microeconomics ||studies ||the ||allocation ||of
A) decision ||makers.
B) scarce ||resources.
C) models.
D) unlimited ||resources.
ANSWER: B
|
Section: The ||Allocation ||of ||Scarce
|| Resources|Question ||Status: Old
AACSB: Analytic ||thinking
2) Microeconomics ||is ||often ||called
A) price ||theory.
B) decision ||science.
C) scarcity.
D) resource ||theory.
ANSWER: A
|
Section: The ||Allocation ||of ||Scarce
|| Resources|Question ||Status: Old
AACSB: Analytic ||thinking
3) Most ||microeconomic ||models ||assume ||that ||decision ||makers ||wish ||to
A) make ||themselves ||as ||well ||off ||as ||possible.
B) act ||selfishly.
C) make ||others ||as ||well ||off ||as ||possible.
D) None ||of ||the
|| above.|ANSWER: A
Section: The ||Allocation ||of ||Scarce
|| Resources|Question ||Status: Old
AACSB: Analytic ||thinking
4) Society ||faces ||trade- ‑offs ||because ||of
A) government ||regulations.
B) profit ||motive.
C) faceless ||bureaucrats.
, D) scarcity.
ANSWER: D
||
Section: The ||Allocation ||of ||Scarce
Resources|Question ||Status: Old
||
AACSB: Analytic ||thinking
