TEST BANK For Microeconomics, 9th edition
Gu Gu Gu Gu Gu
by Jeffrey M. Perloff, Chapters 1 - 20
Gu Gu Gu Gu Gu Gu Gu
,Table of contents
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1. Introduction
2. Supply and Demand
Gu Gu
3. Applying the Supply-and-Demand Model
Gu Gu Gu
4. Consumer Choice Gu
5. Applying Consumer Theory
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6. Firms and Production
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7. Costs
8. Competitive Firms and MarketsGu Gu Gu
9. Applying the Competitive Model
Gu Gu Gu
10. General Equilibrium and Economic Welfare
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11. Monopoly
12. Pricing and Advertising
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13. Oligopoly and Monopolistic Competition
Gu Gu Gu
14. Game Theory Gu
15. Factor Markets Gu
16. Interest Rates, Investments, and Capital Markets
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17. Uncertainty
18. Externalities, Open-Access, and Public Goods
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19. Asymmetric Information Gu
20. Contracts and Moral Hazards Gu Gu Gu
,Chapter Gu1 Introduction
1.1 Microeconomics: GuThe GuAllocation Guof GuScarce GuResources
1) Microeconomics Gustudies Guthe Guallocation Guof
A) decision Gumakers.
B) scarce Guresources.
C) models.
D) unlimited Guresources.
ANSWER: B
Gu
Section: The GuAllocation Guof GuScarce
Gu ResourcesGuQuestion GuStatus: Old
AACSB: Analytic Guthinking
2) Microeconomics Guis Guoften Gucalled
A) price Gutheory.
B) decision Guscience.
C) scarcity.
D) resource
Gu theory.GuANSWER:
A
Section: The GuAllocation Guof GuScarce
Gu ResourcesGuQuestion GuStatus: Old
AACSB: Analytic Guthinking
3) Most Gumicroeconomic Gumodels Guassume Guthat Gudecision Gumakers Guwish Guto
A) make Guthemselves Guas Guwell Guoff Guas Gupossible.
B) act Guselfishly.
C) make Guothers Guas Guwell Guoff Guas Gupossible.
D) None Guof Guthe
Gu above.GuANSWER: A
Section: The GuAllocation Guof GuScarce
Gu ResourcesGuQuestion GuStatus: Old
AACSB: Analytic Guthinking
4) Society Gufaces Gutrade- ‑offs Gubecause Guof
A) government Guregulations.
B) profit Gumotive.
C) faceless Gubureaucrats.
, D) scarcity.
ANSWER: D
Gu
Section: The GuAllocation Guof GuScarce
ResourcesGuQuestion GuStatus: Old
Gu
AACSB: Analytic Guthinking
Gu Gu Gu Gu Gu
by Jeffrey M. Perloff, Chapters 1 - 20
Gu Gu Gu Gu Gu Gu Gu
,Table of contents
Gu Gu
1. Introduction
2. Supply and Demand
Gu Gu
3. Applying the Supply-and-Demand Model
Gu Gu Gu
4. Consumer Choice Gu
5. Applying Consumer Theory
Gu Gu
6. Firms and Production
Gu Gu
7. Costs
8. Competitive Firms and MarketsGu Gu Gu
9. Applying the Competitive Model
Gu Gu Gu
10. General Equilibrium and Economic Welfare
Gu Gu Gu Gu
11. Monopoly
12. Pricing and Advertising
Gu Gu
13. Oligopoly and Monopolistic Competition
Gu Gu Gu
14. Game Theory Gu
15. Factor Markets Gu
16. Interest Rates, Investments, and Capital Markets
Gu Gu Gu Gu Gu
17. Uncertainty
18. Externalities, Open-Access, and Public Goods
Gu Gu Gu Gu
19. Asymmetric Information Gu
20. Contracts and Moral Hazards Gu Gu Gu
,Chapter Gu1 Introduction
1.1 Microeconomics: GuThe GuAllocation Guof GuScarce GuResources
1) Microeconomics Gustudies Guthe Guallocation Guof
A) decision Gumakers.
B) scarce Guresources.
C) models.
D) unlimited Guresources.
ANSWER: B
Gu
Section: The GuAllocation Guof GuScarce
Gu ResourcesGuQuestion GuStatus: Old
AACSB: Analytic Guthinking
2) Microeconomics Guis Guoften Gucalled
A) price Gutheory.
B) decision Guscience.
C) scarcity.
D) resource
Gu theory.GuANSWER:
A
Section: The GuAllocation Guof GuScarce
Gu ResourcesGuQuestion GuStatus: Old
AACSB: Analytic Guthinking
3) Most Gumicroeconomic Gumodels Guassume Guthat Gudecision Gumakers Guwish Guto
A) make Guthemselves Guas Guwell Guoff Guas Gupossible.
B) act Guselfishly.
C) make Guothers Guas Guwell Guoff Guas Gupossible.
D) None Guof Guthe
Gu above.GuANSWER: A
Section: The GuAllocation Guof GuScarce
Gu ResourcesGuQuestion GuStatus: Old
AACSB: Analytic Guthinking
4) Society Gufaces Gutrade- ‑offs Gubecause Guof
A) government Guregulations.
B) profit Gumotive.
C) faceless Gubureaucrats.
, D) scarcity.
ANSWER: D
Gu
Section: The GuAllocation Guof GuScarce
ResourcesGuQuestion GuStatus: Old
Gu
AACSB: Analytic Guthinking
