TEST BANK For Microeconomics Global Edition 9th Edition by Jeffrey M. Perloff, Verified Chapters 1 - 20, Complete Newest Version

TEST BANK For Microeconomics, 9th edition
sj sj sj sj sj




by Jeffrey M. Perloff, Chapters 1 - 20
sj sj sj sj sj sj sj

,Table of contents
sj sj




1. Introduction
2. Supply and Demand
sj sj




3. Applying the Supply-and-Demand Model
sj sj sj




4. Consumer Choice sj




5. Applying Consumer Theory
sj sj




6. Firms and Production
sj sj




7. Costs
8. Competitive Firms and Markets sj sj sj




9. Applying the Competitive Model
sj sj sj




10. General Equilibrium and Economic Welfare sj sj sj sj




11. Monopoly
12. Pricing and Advertising sj sj




13. Oligopoly and Monopolistic Competition sj sj sj




14. Game Theory sj




15. Factor Markets sj




16. Interest Rates, Investments, and Capital Markets
sj sj sj sj sj




17. Uncertainty
18. Externalities, Open-Access, and Public Goods sj sj sj sj




19. Asymmetric Information sj




20. Contracts and Moral Hazards sj sj sj

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




1) Microeconomics studies the allocation of sj sj sj sj




A) decision makers. sj




B) scarce resources. sj




C) models.

D) unlimited
sj resources.ANSWER: B sj




Section: The Allocation of Scarce
sj sj sj




sj ResourcesQuestion Status: sj sj Old
AACSB: Analytic thinking sj




2) Microeconomics is often called sj sj sj




A) price theory. sj




B) decision science. sj




C) scarcity.

D) resource
sj theory.ANSWER: sj




A
Section: The Allocation of Scarce
sj sj sj




sj ResourcesQuestion Status: sj sj Old
AACSB: Analytic thinking sj




3) Most microeconomic models assume that decision makers wish to
sj sj sj sj sj sj sj sj




A) make themselves as well off as possible.
sj sj sj sj sj sj




B) act selfishly.
sj




C) make others as well off as possible.
sj sj sj sj sj sj




D) None of the sj sj




sj above.ANSWER:
sj A
Section: The Allocation of Scarce
sj sj sj




sj ResourcesQuestion Status: sj sj Old
AACSB: Analytic thinking sj




4) Society faces trade-­ ‑offs because of sj sj sj sj




A) government regulations. sj




B) profit motive. sj




C) faceless bureaucrats. sj

, D) scarcity.
sj ANSWER: D
Section: The Allocation of Scarce
sj sj sj




sj ResourcesQuestion Status:
sj sj Old
AACSB: Analytic thinking
sj