TEST BANK For Microeconomics, 9th edition
by Jeffrey M. Perloff, Chapters 1 - 20
,Table of contents
f f
1. Introduction
2. Supply and Demand
f f
3. Applying the Supply-and-Demand Model
f f f
4. Consumer Choice f
5. Applying Consumer Theory
f f
6. Firms and Production
f f
7. Costs
8. Competitive Firms and Markets f f f
9. Applying the Competitive Model
f f f
10. General Equilibrium and Economic Welfare
f f f f
11. Monopoly
12. Pricing and Advertising f f
13. Oligopoly and Monopolistic Competition
f f f
14. Game Theory f
15. Factor Markets f
16. Interest Rates, Investments, and Capital Markets
f f f f f
17. Uncertainty
18. Externalities, Open-Access, and Public Goods f f f f
19. Asymmetric Information f
20. Contracts and Moral Hazards f f f
,Chapterf1 Introduction
1.1 Microeconomics:fThefAllocationfoffScarcefResources
1) Microeconomicsfstudiesfthefallocationfof
A) decisionfmakers.
B) scarcefresources.
C) models.
D) unlimitedfresources.fA
NSWER: B
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
2) Microeconomicsfisfoftenfcalled
A) priceftheory.
B) decisionfscience.
C) scarcity.
D) resourceftheory.f
ANSWER: A
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
3) Mostfmicroeconomicfmodelsfassumefthatfdecisionfmakersfwishfto
A) makefthemselvesfasfwellfofffasfpossible.
B) actfselfishly.
C) makefothersfasfwellfofffasfpossible.
D) Nonefoffthefabove.fA
NSWER: A
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
4) Societyffacesftrade- ‑offsfbecausefof
A) governmentfregulations.
B) profitfmotive.
C) facelessfbureaucrats.
, D) scarcity.fA
NSWER: D
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
by Jeffrey M. Perloff, Chapters 1 - 20
,Table of contents
f f
1. Introduction
2. Supply and Demand
f f
3. Applying the Supply-and-Demand Model
f f f
4. Consumer Choice f
5. Applying Consumer Theory
f f
6. Firms and Production
f f
7. Costs
8. Competitive Firms and Markets f f f
9. Applying the Competitive Model
f f f
10. General Equilibrium and Economic Welfare
f f f f
11. Monopoly
12. Pricing and Advertising f f
13. Oligopoly and Monopolistic Competition
f f f
14. Game Theory f
15. Factor Markets f
16. Interest Rates, Investments, and Capital Markets
f f f f f
17. Uncertainty
18. Externalities, Open-Access, and Public Goods f f f f
19. Asymmetric Information f
20. Contracts and Moral Hazards f f f
,Chapterf1 Introduction
1.1 Microeconomics:fThefAllocationfoffScarcefResources
1) Microeconomicsfstudiesfthefallocationfof
A) decisionfmakers.
B) scarcefresources.
C) models.
D) unlimitedfresources.fA
NSWER: B
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
2) Microeconomicsfisfoftenfcalled
A) priceftheory.
B) decisionfscience.
C) scarcity.
D) resourceftheory.f
ANSWER: A
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
3) Mostfmicroeconomicfmodelsfassumefthatfdecisionfmakersfwishfto
A) makefthemselvesfasfwellfofffasfpossible.
B) actfselfishly.
C) makefothersfasfwellfofffasfpossible.
D) Nonefoffthefabove.fA
NSWER: A
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
4) Societyffacesftrade- ‑offsfbecausefof
A) governmentfregulations.
B) profitfmotive.
C) facelessfbureaucrats.
, D) scarcity.fA
NSWER: D
Section:
ThefAllocationfoffScarcefResourcesfQu
estionfStatus: Old
AACSB: Analyticfthinking
