TEST BANK FOR Microeconomics Global Edition 9th Edition by Jeffrey M. Perloff ISBN:9781292446448 COMPLETE GUIDE ALL CHAPTERS COVERED 100% VERIFIED A+ GRADE ASSURED!!!!! NEW LATEST UPDATE!!!!!

TESTBANKForMicroeconomics,9thedition
byJeffreyM.Perloff,Chapters1-20

,Tableofcontents

1. Introduction
2. Supply and Demand
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3. Applying the Supply-and-Demand Model
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4. Consumer Choice gd




5. Applying Consumer Theory
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6. Firmsand Production
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7. Costs
8. Competitive Firms and Markets gd gd gd




9. Applying the Competitive Model
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10. General Equilibrium and Economic Welfaregd gd gd gd




11. Monopoly
12. Pricing and Advertising gd gd




13. Oligopoly and Monopolistic Competition gd gd gd




14. Game Theory gd




15. Factor Markets gd




16. Interest Rates, Investments, and Capital Markets
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17. Uncertainty
18. Externalities, Open-Access, and Public Goods gd gd gd gd




19. Asymmetric Information gd




20. Contracts and Moral Hazards gd gd gd

,Chapter 1 gd Introduction
1.1 Microeconomics: The Allocation of Scarce Resources gd gd gd gd gd




1) Microeconomics studies the allocation of gd gd gd gd




A) decision makers. gd




B) scarce resources. gd




C) models.

D) unlimited resources. gd




E) TANSWER: B gd




Section:
The Allocation of Scarce ResourcesQ
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u estion Status:
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2) Microeconomics isToften called gd gd




A) price theory.gd




B) decision science. gd




C) scarcity.

D) resource theory. gd




ANSWER:
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Section:
The Allocation of Scarce ResourcesQ
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u estion Status:
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AACSB: Analytic thinking gd




3) Most microeconomic models assume thatTdecision makersTwish to
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A) make themselves as well off as possible.
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B) act selfishly.
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C) make others as well off as possible.
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D) None of the abovegd gd gd




. ANSWER:
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Section:
The Allocation of Scarce ResourcesQ
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u estion Status:
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4) Society faces trade---‑offs because of
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A) government regulations. gd




B) profit motive.
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C) faceless bureaucrats. gd

, D) scarcity. A gd




gd NSWER: D
Section:
The Allocation of Scarce ResourcesQ
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u estion Status:
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AACSB: Analytic thinking
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