TEST BANK For Microeconomics, 9th edition
by Jeffrey M. Perloff, Chapters 1 - 20
,Table of contents
5 5
1. Introduction
2. Supply and Demand
5 5
3. Applying the Supply-and-Demand Model
5 5 5
4. Consumer Choice 5
5. Applying Consumer Theory
5 5
6. Firms and Production
5 5
7. Costs
8. Competitive Firms and Markets 5 5 5
9. Applying the Competitive Model
5 5 5
10. General Equilibrium and Economic Welfare
5 5 5 5
11. Monopoly
12. Pricing and Advertising 5 5
13. Oligopoly and Monopolistic Competition 5 5 5
14. Game Theory 5
15. Factor Markets 5
16. Interest Rates, Investments, and Capital Markets
5 5 5 5 5
17. Uncertainty
18. Externalities, Open-Access, and Public Goods 5 5 5 5
19. Asymmetric Information 5
20. Contracts and Moral Hazards 5 5 5
,Chapter51 Introduction
1.1 Microeconomics:5The5Allocation5of5Scarce5Resources
1) Microeconomics5studies5the5allocation5of
A) decision5makers.
B) scarce5resources.
C) models.
D) unlimited5resources.5A
NSWER: B
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
2) Microeconomics5is5often5called
A) price5theory.
B) decision5science.
C) scarcity.
D) resource5theory.5
ANSWER: A
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
3) Most5microeconomic5models5assume5that5decision5makers5wish5to
A) make5themselves5as5well5off5as5possible.
B) act5selfishly.
C) make5others5as5well5off5as5possible.
D) None5of5the5above.5
ANSWER: A
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
4) Society5faces5trade- ‑offs5because5of
A) government5regulations.
B) profit5motive.
C) faceless5bureaucrats.
, D) scarcity.5A
NSWER: D
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
by Jeffrey M. Perloff, Chapters 1 - 20
,Table of contents
5 5
1. Introduction
2. Supply and Demand
5 5
3. Applying the Supply-and-Demand Model
5 5 5
4. Consumer Choice 5
5. Applying Consumer Theory
5 5
6. Firms and Production
5 5
7. Costs
8. Competitive Firms and Markets 5 5 5
9. Applying the Competitive Model
5 5 5
10. General Equilibrium and Economic Welfare
5 5 5 5
11. Monopoly
12. Pricing and Advertising 5 5
13. Oligopoly and Monopolistic Competition 5 5 5
14. Game Theory 5
15. Factor Markets 5
16. Interest Rates, Investments, and Capital Markets
5 5 5 5 5
17. Uncertainty
18. Externalities, Open-Access, and Public Goods 5 5 5 5
19. Asymmetric Information 5
20. Contracts and Moral Hazards 5 5 5
,Chapter51 Introduction
1.1 Microeconomics:5The5Allocation5of5Scarce5Resources
1) Microeconomics5studies5the5allocation5of
A) decision5makers.
B) scarce5resources.
C) models.
D) unlimited5resources.5A
NSWER: B
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
2) Microeconomics5is5often5called
A) price5theory.
B) decision5science.
C) scarcity.
D) resource5theory.5
ANSWER: A
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
3) Most5microeconomic5models5assume5that5decision5makers5wish5to
A) make5themselves5as5well5off5as5possible.
B) act5selfishly.
C) make5others5as5well5off5as5possible.
D) None5of5the5above.5
ANSWER: A
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
4) Society5faces5trade- ‑offs5because5of
A) government5regulations.
B) profit5motive.
C) faceless5bureaucrats.
, D) scarcity.5A
NSWER: D
Section:
The5Allocation5of5Scarce5Resources5Q
uestion5Status: Old
AACSB: Analytic5thinking
