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1) Microeconomicsc studiescthecallocationc of
1. A)c decisionc makers.
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2) Microeconomicscisc oftenc called
1. A)cpricectheory.
2. B)c decisionc science.
3. C)cscarcity.
4. D)cresourcectheory.
3) Mostc microeconomicc modelsc assumec thatc decisionc makersc wishc to
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2. B)c profitc motive.
3. C)c facelessc bureaucrats.
4. D)cscarcity.
5) Acmarket
1. A)calwaysc involvesc thecpersonalc exchangec ofcgoodscforcmoney.
2. B)callowsc interactionsc betweenc consumersc andc firms.
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Stuvia.comc-c ThecMarketplacectocBuycandcSellcyour cStudycMaterial
Chapterc1 Introduction
1.1 Microeconomics:cThecAllocationc ofc Scarcec Resources
1) Microeconomicsc studiescthecallocationc of
1. A)c decisionc makers.
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3. C)c models.
4. D)c unlimitedc resources.
2) Microeconomicscisc oftenc called
1. A)cpricectheory.
2. B)c decisionc science.
3. C)cscarcity.
4. D)cresourcectheory.
3) Mostc microeconomicc modelsc assumec thatc decisionc makersc wishc to
1. A)c makec themselvesc asc wellc offc asc possible.
2. B)cactc selfishly.
3. C)c makec othersc asc wellc offc asc possible.
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4) Societycfacesc trade-offscbecausec of
1. A)cgovernmentc regulations.
2. B)c profitc motive.
3. C)c facelessc bureaucrats.
4. D)cscarcity.
5) Acmarket
1. A)calwaysc involvesc thecpersonalc exchangec ofcgoodscforcmoney.
2. B)callowsc interactionsc betweenc consumersc andc firms.
3. C)c alwaysc takesc placec atc ac physicalc location.
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