Test Bank For Microeconomics 9th Edition (Global Edition) By Jeffrey Perloff (All Chapters, 100% Original Verified, A+ Grade)

TEST BANK
Microeconomics, 9th edition
by Perloff all Chapters 1 - 20

,Table of contents
g g




1. Introduction
2. Supply and Demand
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3. Applying the Supply-and-Demand Model
g g g




4. Consumer Choice g




5. Applying Consumer Theory
g g




6. Firms and Production
g g




7. Costs
8. Competitive Firms and Markets g g g




9. Applying the Competitive Model
g g g




10. General Equilibrium and Economic Welfareg g g g




11. Monopoly
12. Pricing and Advertising g g




13. Oligopoly and Monopolistic Competition g g g




14. Game Theory g




15. Factor Markets g




16. Interest Rates, Investments, and Capital Markets
g g g g g




17. Uncertainty
18. Externalities, Open-Access, and Public Goods g g g g




19. Asymmetric Information g




20. Contracts and Moral Hazards g g g

,Chapterg1 Introduction
1.1 Microeconomics:gThegAllocationgofgScarcegResources
1) Microeconomicsg studiesgthegallocationg of

A) decisiong makers.

B) scarcegresources.

C) models.

D) unlimitedgresources
.gANSWER: B
Section:
Theg Allocationg ofg Scarceg Resource
sgQuestiongStatus: Old
AACSB: Analyticgthinking


2) Microeconomicsg isg oftengcalled

A) priceg theory.

B) decisiongscience.

C) scarcity.

D) resourcegtheory
.gANSWER: A
Section:
Theg Allocationg ofg Scarceg Resource
sgQuestiongStatus: Old
AACSB: Analyticgthinking


3) Mostg microeconomicg modelsg assumeg thatgdecisiong makersgwishgto

A) makegthemselvesg asgwellg offgasg possible.

B) actgselfishly.

C) makeg othersgasg wellg offg asgpossible.

D) Noneg ofgthegabove
.gANSWER: A
Section:
Theg Allocationg ofg Scarceg Resource
sgQuestiongStatus: Old
AACSB: Analyticgthinking
4) Societyg facesg trade-­‐‑offsg becauseg of

A) governmentgregulations.

B) profitg motive.

C) facelessgbureaucrats.

, D) scarcity.g
ANSWER: D
Section:
Theg Allocationg ofg Scarceg Resource
sgQuestiongStatus: Old
AACSB: Analyticgthinking