TEST BANK For Microeconomics, 9th edition
d d d d d
by Jeffrey M. Perloff, Chapters 1 - 20
d d d d d d d
,Table of contents
d d
1. Introduction
2. Supply and Demand
d d
3. Applying the Supply-and-Demand Model
d d d
4. Consumer Choice d
5. Applying Consumer Theory
d d
6. Firms and Production
d d
7. Costs
8. Competitive Firms and Markets d d d
9. Applying the Competitive Model
d d d
10. General Equilibrium and Economic Welfare
d d d d
11. Monopoly
12. Pricing and Advertising d d
13. Oligopoly and Monopolistic Competition d d d
14. Game Theory d
15. Factor Markets d
16. Interest Rates, Investments, and Capital Markets
d d d d d
17. Uncertainty
18. Externalities, Open-Access, and Public Goods d d d d
19. Asymmetric Information d
20. Contracts and Moral Hazards d d d
,Chapter 1 d Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
d d d d d
1) Microeconomics dstudies dthe dallocation dof
A) decision dmakers.
B) scarce dresources.
C) models.
D) unlimited
resources.dANSWER: B
d
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
2) Microeconomics dis doften dcalled
A) price dtheory.
B) decision dscience.
C) scarcity.
D) resource
theory.dANSWER:
d
A
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
3) Most dmicroeconomic dmodels dassume dthat ddecision dmakers dwish dto
A) make dthemselves das dwell doff das dpossible.
B) act dselfishly.
C) make dothers das dwell doff das dpossible.
D) None dof dthe
above.dANSWER:
d A
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
4) Society d faces dtrade- ‑offs dbecause dof
A) government dregulations.
B) profit dmotive.
C) faceless dbureaucrats.
, D) scarcity.
d ANSWER: D
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
d d d d d
by Jeffrey M. Perloff, Chapters 1 - 20
d d d d d d d
,Table of contents
d d
1. Introduction
2. Supply and Demand
d d
3. Applying the Supply-and-Demand Model
d d d
4. Consumer Choice d
5. Applying Consumer Theory
d d
6. Firms and Production
d d
7. Costs
8. Competitive Firms and Markets d d d
9. Applying the Competitive Model
d d d
10. General Equilibrium and Economic Welfare
d d d d
11. Monopoly
12. Pricing and Advertising d d
13. Oligopoly and Monopolistic Competition d d d
14. Game Theory d
15. Factor Markets d
16. Interest Rates, Investments, and Capital Markets
d d d d d
17. Uncertainty
18. Externalities, Open-Access, and Public Goods d d d d
19. Asymmetric Information d
20. Contracts and Moral Hazards d d d
,Chapter 1 d Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
d d d d d
1) Microeconomics dstudies dthe dallocation dof
A) decision dmakers.
B) scarce dresources.
C) models.
D) unlimited
resources.dANSWER: B
d
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
2) Microeconomics dis doften dcalled
A) price dtheory.
B) decision dscience.
C) scarcity.
D) resource
theory.dANSWER:
d
A
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
3) Most dmicroeconomic dmodels dassume dthat ddecision dmakers dwish dto
A) make dthemselves das dwell doff das dpossible.
B) act dselfishly.
C) make dothers das dwell doff das dpossible.
D) None dof dthe
above.dANSWER:
d A
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
4) Society d faces dtrade- ‑offs dbecause dof
A) government dregulations.
B) profit dmotive.
C) faceless dbureaucrats.
, D) scarcity.
d ANSWER: D
Section: The dAllocation dof dScarce
ResourcesdQuestion dStatus:
d Old
AACSB: Analytic dthinking
