TESTBANKForMicroeconomics,9thedition
byJeffreyM.Perloff,Chapters1-20
,Tableofcontents
1. Introduction
2. Supply and Demand
8
l 8
l
3. Applying the Supply-and-Demand Model
l8 8
l l8
4. Consumer Choice 8
l
5. Applying Consumer Theory
8
l 8
l
6. Firms and Production
8
l 8
l
7. Costs
8. Competitive Firms and Markets 8
l 8
l 8
l
9. Applying the Competitive Model
8
l 8
l 8
l
10. General Equilibrium and Economic Welfare
8
l 8
l 8
l 8
l
11. Monopoly
12. Pricing and Advertising 8
l 8
l
13. Oligopoly and Monopolistic Competition l8 l8 l8
14. Game Theory l8
15. Factor Markets 8
l
16. Interest Rates, Investments, and Capital Markets
l8 l8 8
l 8
l l8
17. Uncertainty
18. Externalities, Open-Access, and Public Goods 8
l l8 l8 8
l
19. Asymmetric Information 8
l
20. Contracts and Moral Hazards 8
l 8
l l8
,Chapter 1 l8 Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
l8 l8 l8 l8 l8
1) Microeconomicsl8studiesl8thel8allocationl8of
A) decisionl8makers.
B) scarcel8resources.
C) models.
D) unlimitedl8resources.
E) TANSWER:l8B
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
2) Microeconomicsl8isToftenl8called
A) pricel8theory.
B) decisionl8science.
C) scarcity.
D) resourcel8theory.l
8 ANSWER:l 8 A
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
3) Mostl8microeconomicl8modelsl8assumel8thatTdecisionl8makersTwishl8to
A) makel8themselvesl8asl8welll8offl8asl8possible.
B) actl8selfishly.
C) makel8othersl8asl8welll8offl8asl8possible.
D) Nonel8ofl8thel8above.
l8 ANSWER:l 8 A
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
4) Societyl 8 facesl 8 trade---‑offsl 8 becausel 8 of
A) governmentl8regulations.
B) profitl8motive.
C) facelessl8bureaucrats.
, D) scarcity.l8Al
8 NSWER: D
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
byJeffreyM.Perloff,Chapters1-20
,Tableofcontents
1. Introduction
2. Supply and Demand
8
l 8
l
3. Applying the Supply-and-Demand Model
l8 8
l l8
4. Consumer Choice 8
l
5. Applying Consumer Theory
8
l 8
l
6. Firms and Production
8
l 8
l
7. Costs
8. Competitive Firms and Markets 8
l 8
l 8
l
9. Applying the Competitive Model
8
l 8
l 8
l
10. General Equilibrium and Economic Welfare
8
l 8
l 8
l 8
l
11. Monopoly
12. Pricing and Advertising 8
l 8
l
13. Oligopoly and Monopolistic Competition l8 l8 l8
14. Game Theory l8
15. Factor Markets 8
l
16. Interest Rates, Investments, and Capital Markets
l8 l8 8
l 8
l l8
17. Uncertainty
18. Externalities, Open-Access, and Public Goods 8
l l8 l8 8
l
19. Asymmetric Information 8
l
20. Contracts and Moral Hazards 8
l 8
l l8
,Chapter 1 l8 Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
l8 l8 l8 l8 l8
1) Microeconomicsl8studiesl8thel8allocationl8of
A) decisionl8makers.
B) scarcel8resources.
C) models.
D) unlimitedl8resources.
E) TANSWER:l8B
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
2) Microeconomicsl8isToftenl8called
A) pricel8theory.
B) decisionl8science.
C) scarcity.
D) resourcel8theory.l
8 ANSWER:l 8 A
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
3) Mostl8microeconomicl8modelsl8assumel8thatTdecisionl8makersTwishl8to
A) makel8themselvesl8asl8welll8offl8asl8possible.
B) actl8selfishly.
C) makel8othersl8asl8welll8offl8asl8possible.
D) Nonel8ofl8thel8above.
l8 ANSWER:l 8 A
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
4) Societyl 8 facesl 8 trade---‑offsl 8 becausel 8 of
A) governmentl8regulations.
B) profitl8motive.
C) facelessl8bureaucrats.
, D) scarcity.l8Al
8 NSWER: D
Section:
Thel8Allocationl8ofl8Scarcel8ResourcesQ
ul8estionl8Status: Old
AACSB: Analyticl8thinking
