TEST BANK For Microeconomics, 9th edition
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byJeffreyM. Perloff,Chapters 1-20
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,Tableofcontents
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1. Introduction
2. SupplyandDemand
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3. Applying the Supply-and-Demand Model
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4. ConsumerChoice m
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5. Applying Consumer Theory
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6. FirmsandProduction
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7. Costs
8. CompetitiveFirmsandMarkets ,u
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9. ApplyingtheCompetitiveModel
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10. General Equilibrium and Economic Welfare m,u m,u m,u m,u
11. Monopoly
12. PricingandAdvertising ,u
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13. Oligopolyand Monopolistic Competition m,u m,u m,u
14. GameTheory m
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15. FactorMarkets ,u
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16. InterestRates,Investments,andCapitalMarkets ,u
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17. Uncertainty
18. Externalities,Open-Access,andPublicGoods ,u
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19. AsymmetricInformation ,u
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20. ContractsandMoralHazards ,u
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,Chapter 1 m,u Introduction
1.1 Microeconomics: The Allocation of Scarce Resources q q q q q
1) Microeconomics studies the allocation of q q q q
A) decision makers. q
B) scarce resources. q
C) models.
D) unlimited resources. q q
qANSWER:
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B
Section: The Allocation of Scarce Resources q q q q
q m , u Question Status: Old q
AACSB:
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2) Microeconomics is often called q q q
A) price theory. q
B) decision science. q
C) scarcity.
D) resource theory. q
qANSWER:
m,u q m , u q
A
Section: The Allocation of Scarce Resources q q q q
q m , u Question Status: Old q
AACSB:
m,u Analytic thinking q
3) Most microeconomic models assume that decision
q q q q q q m , u m , u makers wish to
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A) make themselves as well off as possible. q q m
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B) act selfishly. q
C) make others as q q m , u q m , u well off as possible.
q q q
D) None of the above. q q m,u q m,u
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A
Section: The Allocation of Scarce Resources q q q q
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AACSB:
m,u Analytic thinking q
4) Society faces trade---‑offs because of q q q q
A) government regulations. q
B) profit motive. q
C) faceless bureaucrats. q
, D) scarcity. q
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ANSWER: q m , u q
q
D
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Section: The Allocation of Scarce Resources
q q q q
q m , u Question Status: Old q
m,u AACSB: Analytic thinking q
m,u m,u m,u m,u m,u
byJeffreyM. Perloff,Chapters 1-20
m,u m
,u m,u m
,u m,u m
,u m,u
,Tableofcontents
,u
m ,u
m
1. Introduction
2. SupplyandDemand
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3. Applying the Supply-and-Demand Model
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4. ConsumerChoice m
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5. Applying Consumer Theory
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6. FirmsandProduction
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7. Costs
8. CompetitiveFirmsandMarkets ,u
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9. ApplyingtheCompetitiveModel
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10. General Equilibrium and Economic Welfare m,u m,u m,u m,u
11. Monopoly
12. PricingandAdvertising ,u
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13. Oligopolyand Monopolistic Competition m,u m,u m,u
14. GameTheory m
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15. FactorMarkets ,u
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16. InterestRates,Investments,andCapitalMarkets ,u
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17. Uncertainty
18. Externalities,Open-Access,andPublicGoods ,u
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19. AsymmetricInformation ,u
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20. ContractsandMoralHazards ,u
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,Chapter 1 m,u Introduction
1.1 Microeconomics: The Allocation of Scarce Resources q q q q q
1) Microeconomics studies the allocation of q q q q
A) decision makers. q
B) scarce resources. q
C) models.
D) unlimited resources. q q
qANSWER:
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B
Section: The Allocation of Scarce Resources q q q q
q m , u Question Status: Old q
AACSB:
m,u Analytic thinking q
2) Microeconomics is often called q q q
A) price theory. q
B) decision science. q
C) scarcity.
D) resource theory. q
qANSWER:
m,u q m , u q
A
Section: The Allocation of Scarce Resources q q q q
q m , u Question Status: Old q
AACSB:
m,u Analytic thinking q
3) Most microeconomic models assume that decision
q q q q q q m , u m , u makers wish to
q q
A) make themselves as well off as possible. q q m
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B) act selfishly. q
C) make others as q q m , u q m , u well off as possible.
q q q
D) None of the above. q q m,u q m,u
q ANSWER:
m , u q m ,u q m , u q
A
Section: The Allocation of Scarce Resources q q q q
q Question Status: Old
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AACSB:
m,u Analytic thinking q
4) Society faces trade---‑offs because of q q q q
A) government regulations. q
B) profit motive. q
C) faceless bureaucrats. q
, D) scarcity. q
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m m , u q
ANSWER: q m , u q
q
D
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Section: The Allocation of Scarce Resources
q q q q
q m , u Question Status: Old q
m,u AACSB: Analytic thinking q
