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

TESTBANKForMicroeconomics,9thedition
byJeffreyM.Perloff,Chapters1-20

,Tableofcontents

1. Introduction
2. Supply and Demand
x& x&




3. Applying the Supply-and-Demand Model
x& x& x&




4. Consumer Choice x&




5. Applying Consumer Theory
x& x&




6. Firms and Production
x& x&




7. Costs
8. Competitive Firms and Markets x& x& x&




9. Applying the Competitive Model
x& x& x&




10. General Equilibrium and Economic Welfare
x& x& x& x&




11. Monopoly
12. Pricing and Advertising x& x&




13. Oligopoly and Monopolistic Competition x& x& x&




14. Game Theory x&




15. Factor Markets x&




16. Interest Rates, Investments, and Capital Markets
x& x& x& x& x&




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




19. Asymmetric Information x&




20. Contracts and Moral Hazards x& x& x&

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




1) Microeconomicsx&studiesx&thex&allocationx&of

A) decisionx&makers.

B) scarcex&resources.

C) models.

D) unlimitedx&resources.

E) TANSWER:x& B
Section:
Thex&Allocationx&ofx&Scarcex&Resources
Qux&estionx&Status: Old
AACSB: Analyticx&thinking


2) Microeconomicsx&isToftenx&called

A) pricex&theory.

B) decisionx&science.

C) scarcity.

D) resourcex&theory
.x&ANSWER:x & A
Section:
Thex&Allocationx&ofx&Scarcex&Resources
Qux&estionx&Status: Old
AACSB: Analyticx&thinking


3) Mostx&microeconomicx&modelsx&assumex&thatTdecisionx&makersTwishx&to

A) makex&themselvesx&asx&wellx&offx&asx&possible.

B) actx&selfishly.

C) makex&othersx&asx&wellx&offx&asx&possible.

D) Nonex&ofx&thex&abov
e.x&ANSWER:x & A
Section:
Thex&Allocationx&ofx&Scarcex&Resources
Qux&estionx&Status: Old
AACSB: Analyticx&thinking
4) Societyx & facesx & trade---‑offsx & becausex & of

A) governmentx&regulations.

B) profitx&motive.

C) facelessx&bureaucrats.

, D) scarcity.x&
Ax&NSWER: D
Section:
Thex&Allocationx&ofx&Scarcex&Resources
Qux&estionx&Status: Old
AACSB: Analyticx&thinking