TEST BANK For Microeconomics, 9th edition by Jeffrey M. Perloff,

TEST BANK For Microeconomics, 9th edition
by Jeffrey M. Perloff, Chapte rs 1 - 20
00 00 00 00

,Table of contents
00 00




1. Introduction
2. Supply00and00Demand
3. Applying00the00Supply-and-Demand00Model
4. Consumer00Choice
5. Applying00Consumer00Theory
6. Firms00and00Production
7. Costs
8. Competitive00Firms00and00Markets
9. Applying00the00Competitive00Model
10. General00Equilibrium00and00Economic00Welfare
11. Monopoly
12. Pricing00and00Advertising
13. Oligopoly00and00Monopolistic00Competition
14. Game00Theory
15. Factor00Markets
16. Interest00Rates,00Investments,00and00Capital00Markets
17. Uncertainty
18. Externalities,00Open-Access,00and00Public00Goods
19. Asymmetric00Information
20. Contracts00and00Moral00Hazards

,Chapter001 Introduction




1.1 Microeconomics:00The00Allocation00of00Scarce00Resources




1) Microeconomics0 0 studies0 0 the0 0 allocation0 0 of

A) decision0 0 makers.

B) scarce0 0 resources.

C) models.

D) unlimited0 0 resource
s.

ANSWER:00B

Section:

The00Allocation00of00Scarce00Resou

rces00Question00Status: Old

AACSB: Analytic0 0 thinking



2) Microeconomics0 0 is0 0 often0 0 called

A) price00 theory.

B) decision0 0 science.

C) scarcity.

D) resource00theor

y.00ANSWER:00A

Section:

The00Allocation00of00Scarce00Resou

rces00Question00Status: Old

AACSB: Analytic0 0 thinking



3) Most0 0 microeconomic0 0 models0 0 assume0 0 that0 0 decision0 0 makers0 0 wish0 0 to

A) make00 themselves0 0 as00 well0 0 off00 as00 possible.

B) act00 selfishly.

C) make0 0 others00 as00 well00 off00 as00 possible.

D) None00of00the00ab

, ove.00ANSWER:00A

Section: The0 0 Allocation0 0 of0 0 Scarce0 0 Resources