TEST6BANK6FOR6MICROECONOMICS,69TH6EDITI
ON
BY6JEFFREY6M.6PERLOFF,6CHAPTERS616-620
,Table6of6contents
1. Introduction
2. Supply6and6Demand
3. Applying6the6Supply-and-Demand6Model
4. Consumer6Choice
5. Applying6Consumer6Theory
6. Firms6and6Production
7. Costs
8. Competitive6Firms6and6Markets
9. Applying6the6Competitive6Model
10. General6Equilibrium6and6Economic6Welfare
11. Monopoly
12. Pricing6and6Advertising
13. Oligopoly6and6Monopolistic6Competition
14. Game6Theory
15. Factor6Markets
16. Interest6Rates,6Investments,6and6Capital6Markets
17. Uncertainty
18. Externalities,6Open-Access,6and6Public6Goods
19. Asymmetric6Information
20. Contracts6and6Moral6Hazards
,Chapter61 Introduction
1.1 Microeconomics:6The6Allocation6of6Scarce6Resources
1) Microeconomics6studies6the6allocation6of
A) decision6makers.
B) scarce6resources.
C) models.
D) unlimited6resources.6
ANSWER: B
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
2) Microeconomics6is6often6called
A) price6theory.
B) decision6science.
C) scarcity.
D) resource6theory.
6ANSWER: A
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
3) Most6microeconomic6models6assume6that6decision6makers6wish6to
A) make6themselves6as6well6off6as6possible.
B) act6selfishly.
C) make6others6as6well6off6as6possible.
D) None6of6the6above
.6ANSWER: A
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
4) Society6faces6trade- ‑offs6because6of
A) government6regulations.
B) profit6motive.
C) faceless6bureaucrats.
, D) scarcity.6
ANSWER: D
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
ON
BY6JEFFREY6M.6PERLOFF,6CHAPTERS616-620
,Table6of6contents
1. Introduction
2. Supply6and6Demand
3. Applying6the6Supply-and-Demand6Model
4. Consumer6Choice
5. Applying6Consumer6Theory
6. Firms6and6Production
7. Costs
8. Competitive6Firms6and6Markets
9. Applying6the6Competitive6Model
10. General6Equilibrium6and6Economic6Welfare
11. Monopoly
12. Pricing6and6Advertising
13. Oligopoly6and6Monopolistic6Competition
14. Game6Theory
15. Factor6Markets
16. Interest6Rates,6Investments,6and6Capital6Markets
17. Uncertainty
18. Externalities,6Open-Access,6and6Public6Goods
19. Asymmetric6Information
20. Contracts6and6Moral6Hazards
,Chapter61 Introduction
1.1 Microeconomics:6The6Allocation6of6Scarce6Resources
1) Microeconomics6studies6the6allocation6of
A) decision6makers.
B) scarce6resources.
C) models.
D) unlimited6resources.6
ANSWER: B
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
2) Microeconomics6is6often6called
A) price6theory.
B) decision6science.
C) scarcity.
D) resource6theory.
6ANSWER: A
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
3) Most6microeconomic6models6assume6that6decision6makers6wish6to
A) make6themselves6as6well6off6as6possible.
B) act6selfishly.
C) make6others6as6well6off6as6possible.
D) None6of6the6above
.6ANSWER: A
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
4) Society6faces6trade- ‑offs6because6of
A) government6regulations.
B) profit6motive.
C) faceless6bureaucrats.
, D) scarcity.6
ANSWER: D
Section:
The6Allocation6of6Scarce6Resources
6Question6Status: Old
AACSB: Analytic6thinking
