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. SupplyandDemand
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3. Applying theSupply-and-Demand Model
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4. ConsumerChoice vt




5. ApplyingConsumerTheory
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6. FirmsandProduction
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7. Costs
8. CompetitiveFirmsandMarkets vt vt vt




9. ApplyingtheCompetitive Model
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10. GeneralEquilibrium andEconomicWelfare vt vt vt vt




11. Monopoly
12. PricingandAdvertising vt vt




13. Oligopolyand Monopolistic Competition vt vt vt




14. Game Theory vt




15. FactorMarkets vt




16. Interest Rates,Investments,andCapital Markets
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17. Uncertainty
18. Externalities,Open-Access,and PublicGoods vt vt vt vt




19. AsymmetricInformation vt




20. ContractsandMoralHazards vt vt vt

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




1) Microeconomics studies the allocation of vt vt vt vt




A) decision makers. vt




B) scarce resources. vt




C) models.

D) unlimited resources. vt




E) TANSWER: B vt




Section:
The Allocation of Scarce ResourcesQu
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estion Status:
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2) Microeconomics isToften called vt vt




A) price theory. vt




B) decision science. vt




C) scarcity.

D) resource theory. vt v




ANSWER:
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Section:
The Allocation of Scarce ResourcesQu
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estion Status:
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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 above. vt vt vt v




ANSWER:
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The Allocation of Scarce ResourcesQu
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4) Society faces trade---‑offs because of
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A) government regulations. vt




B) profit motive. vt




C) faceless bureaucrats. vt

, D) scarcity. A
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t NSWER: D
Section:
The Allocation of Scarce ResourcesQu
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estion Status:
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AACSB: Analytic thinking
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