Test Bank for Microeconomics, 9th Edition by Jeffrey M. Perloff | 9781292215693 | Chapters 1 - 20 with 100% verified answers | LATEST

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,Table of contents

1. Introduction
2. Supply and Demand
n. n.




3. Applying the Supply-and-Demand Model
n. n. n.




4. Consumer Choice n.




5. Applying Consumer Theory
n. n.




6. Firms and Production
n. n.




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




9. Applying the Competitive Model
n. n. n.




10. General Equilibrium and Economic Welfare
n. n. n. n.




11. Monopoly
12. Pricing and Advertising n. n.




13. Oligopoly and Monopolistic Competition n. n. n.




14. Game Theory n.




15. Factor Markets n.




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




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




19. Asymmetric Information n.




20. Contracts and Moral Hazards n. n. n.

,Chaptern.1 Introduction
1.1 Microeconomics:n.Then.Allocationn.ofn.Scarcen.Resources
1) Microeconomicsn.studiesn.then.allocationn.of

A) decisionn.makers.

B) scarcen.resources.

C) models.

D) unlimitedn.resources.n.
ANSWER: B
Section:
Then.Allocationn.ofn.Scarcen.Resourcesn.
Questionn.Status: Old
AACSB: Analyticn.thinking


2) Microeconomicsn.isn.oftenn.called

A) pricen.theory.

B) decisionn.science.

C) scarcity.

D) resourcen.theory.n.
ANSWER: A
Section:
Then.Allocationn.ofn.Scarcen.Resourcesn.
Questionn.Status: Old
AACSB: Analyticn.thinking


3) Mostn.microeconomicn.modelsn.assumen.thatn.decisionn.makersn.wishn.to

A) maken.themselvesn.asn.welln.offn.asn.possible.

B) actn.selfishly.

C) maken.othersn.asn.welln.offn.asn.possible.

D) Nonen.ofn.then.above.n.
ANSWER: A
Section:
Then.Allocationn.ofn.Scarcen.Resourcesn.
Questionn.Status: Old
AACSB: Analyticn.thinking
4) Societyn. facesn. trade-­ ‑offsn. becausen.of

A) governmentn.regulations.

, B) profitn.motive.

C) facelessn.bureaucrats.