TEST BANK For Microeconomics, 9th edition
v8 v8 v8 v8 v8
by Jeffrey M. Perloff, Chapters 1 - 20
v8 v8 v8 v8 v8 v8 v8
,Table of contents
v8 v8
1. Introduction
2. Supply and Demand
v8 v8
3. Applying the Supply-and-Demand Model
v8 v8 v8
4. Consumer Choice v8
5. Applying Consumer Theory
v8 v8
6. Firms and Production
v8 v8
7. Costs
8. Competitive Firms and Markets v8 v8 v8
9. Applying the Competitive Model
v8 v8 v8
10. General Equilibrium and Economic Welfare
v8 v8 v8 v8
11. Monopoly
12. Pricing and Advertising v8 v8
13. Oligopoly and Monopolistic Competition v8 v8 v8
14. Game Theory v8
15. Factor Markets v8
16. Interest Rates, Investments, and Capital Markets
v8 v8 v8 v8 v8
17. Uncertainty
18. Externalities, Open-Access, and Public Goods v8 v8 v8 v8
19. Asymmetric Information v8
20. Contracts and Moral Hazards v8 v8 v8
,Chapter 1 v8 Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
v8 v8 v8 v8 v8
1) Microeconomics v8studies v8the v8allocation v8of
A) decision v8makers.
B) scarce v8resources.
C) models.
D) unlimited
v8 resources.8A
v NSWER: B
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
2) Microeconomics v8is v8often v8called
A) price v8theory.
B) decision v8science.
C) scarcity.
D) resource
v8 theory.8A
v NSWER:
A
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
3) Most v8microeconomic v8models v8assume v8that v8decision v8makers v8wish v8to
A) make v8themselves v8as v8well v8off v8as v8possible.
B) act v8selfishly.
C) make v8others v8as v8well v8off v8as v8possible.
D) None v8of v8the
v8 above.8A
v NSWER: A
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
4) Society v8faces v8trade- ‑offs v8because v8of
A) government v8regulations.
B) profit v8motive.
C) faceless v8bureaucrats.
, D) scarcity.
v8 ANSWER: D
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
v8 v8 v8 v8 v8
by Jeffrey M. Perloff, Chapters 1 - 20
v8 v8 v8 v8 v8 v8 v8
,Table of contents
v8 v8
1. Introduction
2. Supply and Demand
v8 v8
3. Applying the Supply-and-Demand Model
v8 v8 v8
4. Consumer Choice v8
5. Applying Consumer Theory
v8 v8
6. Firms and Production
v8 v8
7. Costs
8. Competitive Firms and Markets v8 v8 v8
9. Applying the Competitive Model
v8 v8 v8
10. General Equilibrium and Economic Welfare
v8 v8 v8 v8
11. Monopoly
12. Pricing and Advertising v8 v8
13. Oligopoly and Monopolistic Competition v8 v8 v8
14. Game Theory v8
15. Factor Markets v8
16. Interest Rates, Investments, and Capital Markets
v8 v8 v8 v8 v8
17. Uncertainty
18. Externalities, Open-Access, and Public Goods v8 v8 v8 v8
19. Asymmetric Information v8
20. Contracts and Moral Hazards v8 v8 v8
,Chapter 1 v8 Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
v8 v8 v8 v8 v8
1) Microeconomics v8studies v8the v8allocation v8of
A) decision v8makers.
B) scarce v8resources.
C) models.
D) unlimited
v8 resources.8A
v NSWER: B
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
2) Microeconomics v8is v8often v8called
A) price v8theory.
B) decision v8science.
C) scarcity.
D) resource
v8 theory.8A
v NSWER:
A
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
3) Most v8microeconomic v8models v8assume v8that v8decision v8makers v8wish v8to
A) make v8themselves v8as v8well v8off v8as v8possible.
B) act v8selfishly.
C) make v8others v8as v8well v8off v8as v8possible.
D) None v8of v8the
v8 above.8A
v NSWER: A
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
4) Society v8faces v8trade- ‑offs v8because v8of
A) government v8regulations.
B) profit v8motive.
C) faceless v8bureaucrats.
, D) scarcity.
v8 ANSWER: D
Section: The v8Allocation v8of v8Scarce
v8 Resources8Q
v uestion v8Status: Old
AACSB: Analytic v8thinking
