,Tableofcontents
1. Introduction
2. Supply and Demand
hu hu
3. Applying the Supply-and-Demand Model
hu hu hu
4. Consumer Choice hu
5. Applying Consumer Theory
hu hu
6. Firms and Production
hu hu
7. Costs
8. Competitive Firms and Markets hu hu hu
9. Applying the Competitive Model
hu hu hu
10. General Equilibrium and Economic Welfare
hu hu hu hu
11. Monopoly
12. Pricing and Advertising hu hu
13. Oligopoly and Monopolistic Competition hu hu hu
14. Game Theory hu
15. Factor Markets hu
16. Interest Rates, Investments, and Capital Markets
hu hu hu hu hu
17. Uncertainty
18. Externalities, Open-Access, and Public Goods hu hu hu hu
19. Asymmetric Information hu
20. Contracts and Moral Hazards hu hu hu
,Chapter 1 hu Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
hu hu hu hu hu
1) Microeconomicshustudieshuthehuallocationhuof
A) decisionhumakers.
B) scarcehuresources.
C) models.
D) unlimitedhuresources.
E) TANSWER:huB
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
2) MicroeconomicshuisToftenhucalled
A) pricehutheory.
B) decisionhuscience.
C) scarcity.
D) resourcehutheory
.huANSWER:h u A
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
3) MosthumicroeconomichumodelshuassumehuthatTdecisionhumakersTwishhuto
A) makehuthemselveshuashuwellhuoffhuashupossible.
B) acthuselfishly.
C) makehuothershuashuwellhuoffhuashupossible.
D) Nonehuofhuthehuabov
e.huANSWER:h u A
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
4) Societyh u facesh u trade---‑offsh u becauseh u of
A) governmenthuregulations.
B) profithumotive.
C) facelesshubureaucrats.
, D) scarcity.hu
AhuNSWER: D
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
1. Introduction
2. Supply and Demand
hu hu
3. Applying the Supply-and-Demand Model
hu hu hu
4. Consumer Choice hu
5. Applying Consumer Theory
hu hu
6. Firms and Production
hu hu
7. Costs
8. Competitive Firms and Markets hu hu hu
9. Applying the Competitive Model
hu hu hu
10. General Equilibrium and Economic Welfare
hu hu hu hu
11. Monopoly
12. Pricing and Advertising hu hu
13. Oligopoly and Monopolistic Competition hu hu hu
14. Game Theory hu
15. Factor Markets hu
16. Interest Rates, Investments, and Capital Markets
hu hu hu hu hu
17. Uncertainty
18. Externalities, Open-Access, and Public Goods hu hu hu hu
19. Asymmetric Information hu
20. Contracts and Moral Hazards hu hu hu
,Chapter 1 hu Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
hu hu hu hu hu
1) Microeconomicshustudieshuthehuallocationhuof
A) decisionhumakers.
B) scarcehuresources.
C) models.
D) unlimitedhuresources.
E) TANSWER:huB
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
2) MicroeconomicshuisToftenhucalled
A) pricehutheory.
B) decisionhuscience.
C) scarcity.
D) resourcehutheory
.huANSWER:h u A
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
3) MosthumicroeconomichumodelshuassumehuthatTdecisionhumakersTwishhuto
A) makehuthemselveshuashuwellhuoffhuashupossible.
B) acthuselfishly.
C) makehuothershuashuwellhuoffhuashupossible.
D) Nonehuofhuthehuabov
e.huANSWER:h u A
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
4) Societyh u facesh u trade---‑offsh u becauseh u of
A) governmenthuregulations.
B) profithumotive.
C) facelesshubureaucrats.
, D) scarcity.hu
AhuNSWER: D
Section:
ThehuAllocationhuofhuScarcehuResources
QuhuestionhuStatus: Old
AACSB: Analytichuthinking
