TEST BANK FOR ECON MICRO | 7th Edition by William A.McEachern/Veronika Dolar ISBN:9780357902059 ALL CHAPTERS COVERED YOUR UYLTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!NEW LATEST UPDATE!!!!!!

Complete Test Bank- DC DC




ECON MICRO 7th Edition
DC DC DC




by William A. McEachern & Veronika
DC DC DC DC DC DC




Dolar
Latest| All Chapters| A+ Answers
DC DC DC DC




1

, TrueDC/DCFalse
1. EconomicsDCisDCbestDCdefinedDCasDCtheDCstudyDCofDChowDCindividualsDCdecideDCtoDCuseDClimitedDCresourcesD
CinDCanDCattemptDCtoDCsatisfyDCunlimitedDCwants.



a. True

b. False

ANSWER: True



2. EconomicsDCstudiesDChowDCdecisionDCmakersDCuseDCscarceDCresourcesDCtoDCsatisfyDCunlimitedDCwants.

a. True

b. False

ANSWER: True



3. InDCeconomics,DCmoneyDCisDCanDCexampleDCofDCcapital.

a. True

b. False

ANSWER: False



4. ProfitDCisDCtheDCpaymentDCreceivedDCbyDCresourceDCownersDCforDCtheDCuseDCofDCtheirDCcapital.

a. True

b. False

ANSWER: False



5. RentDCisDCtheDCpaymentDCreceivedDCbyDCresourceDCownersDCforDCtheDCuseDCofDCtheirDCnaturalDCresources.

a. True

b. False

ANSWER: True



6. AnDCeconomistDCwouldDCclassifyDC100DCsharesDCofDCtheDCAppleDCComputersDCstockDCasDCcapital.

a. True


2

,b. False

ANSWER: False



7. ProfitDCisDCtheDCpaymentDCmadeDCforDClandDCresources.

a. True

b. False

ANSWER: False



8. ResourcesDCareDCusedDConlyDCinDCtheDCproductionDCofDCgoods,DCnotDCservices.

a. True

b. False

ANSWER: False



9. ConsideringDCbothDCproductDCmarketsDCandDCresourceDCmarkets,DCmostDCeconomicDCdecisionDCmakersDCpar
ticipateDCinDCtheDCeconomyDCasDCbothDCbuyersDCandDCsellers.

a. True

b. False

ANSWER: True



10. LaborDCandDCcapitalDCareDCexchangedDCinDCtheDCresourceDCmarket.

a. True

b. False

ANSWER: True



11. ADCrationalDCindividualDCgivesDCmoreDCtoDCcharityDCwhenDCsuchDCcontributionsDCreceiveDCfavorableDCtaxDCtreat
ment.

a. True

b. False

ANSWER: True



3

, 12. ADCrationalDCindividualDCwouldDCmakeDCcharitableDCcontributionsDConlyDCifDCsuchDCcontributionsDCreceive
DCfavorableDCtaxDCtreatment.



a. True

b. False

ANSWER: False



13. TheDCassumptionDCofDCrationalDCself-
interestDCdoesDCnotDCruleDCoutDCtheDCpossibilityDCofDCconcernDCforDCotherDCindividuals.

a. True

b. False

ANSWER: True



14. ItDCisDCalwaysDCrationalDCtoDCacquireDCmoreDCinformationDCbeforeDCmakingDCaDCdecision.

a. True

b. False

ANSWER: False



15. RationalDCself-interestDCisDCequivalentDCtoDCpureDCselfishness.

a. True

b. False

ANSWER: False



16. SaraDCisDCconsideringDCtheDCpurchaseDCofDCaDCnewDCcar.DCRationalDCself-
interestDCdemandsDCthatDCsheDCdoDCanDCexhaustiveDCresearchDCstudyDCtoDCacquireDCeveryDCbitDCofDCinformation
DCpossibleDCaboutDCherDCpotentialDCoptions.



a. True

b. False

ANSWER: False



17. ADCmarginalDCadjustmentDConlyDCrefersDCtoDCaDCminorDCchange.

a. True
4