TEST BANK FOR PRINCIPLES OF MACROECONOMICS
13TH EDITION BY KARL E. CASE; RAY C. FAIR; SHARON
E. OSTER| ALL CHAPTERS 1-21|LATEST 2025
, Test Item File To Accompany
Principles Of
Microeconomics
Test Item File 2
13th edition
By
Case/Fair/Ost
er
Prentice Hall
C.200
9
10/30/
,Contents
Chapter 1 The Scope And Method Of Economics 1
Chapter 2 The Economic Problem: Scarcity And Choice 29
Chapter 3 Demand, Supply, And Market Equilibrium 55
Chapter 4 Demand And Supply Applications 98
Chapter 5 Elasticity 117
Chapter 6 Household Behavior And Consumer Choice 135
Chapter 7 The Production Process: The Behavior Of Profit-Maximizing 171
Firms
Chapter 8 Short-Run Costs And Output Decisions 207
Chapter 9 Long-Run Costs And Output Decisions 252
Chapter 10 Input Demand: The Labor And Land Markets 292
Chapter 11 Input Demand: The Capital Markets And Investment Decision 323
Chapter 12 General Equilibrium And The Efficiency Of Perfect 348
Competition
Chapter 13 Monopoly And Antitrust Policy 377
Chapter 14 Oligopoly 425
Chapter 15 Monopolistic Competition 449
Chapter 16 Externalities, Public Goods, Imperfect
Information, And Social Choice 476
Chapter 17 Uncertainty And Asymmetric Information 517
Chapter 18 Income Distribution And Poverty 535
Chapter 19 Public Finance: The Economics Of Taxation 563
Chapter 20 International Trade, Comparative Advantage, And 592
Protectionism
Chapter 21 Economic Growth In Developing And Transitional Economies 628
, Chapter 1 The Scope And Method Of Economics
1.1 Why Study Economics?
1 Multiple Choice
1) The Reasons To Study Economics Include Which Of The Following?
A) To Be An Informed Voter B) To Understand Society And Global Affairs
C) To Learn A Way Of Thinking D) All Of The
Above ANS: D
Diff: 1
Topic: Why Study
Economics? Skill: Fact
2) Marginalism Is
A) The Best Alternative That We Forego When Making A Decision.
B) The Study Of How Societies Choose To Use Scarce Resources.
C) A Market Situation In Which Profit Opportunities Are Eliminated Almost Instantaneously.
D) The Process Of Analyzing The Additional Costs Or Benefits Arising From A
Decision. ANS: D
Diff: 1
Topic: Why Study
Economics? Skill: Definition
3) Economics Is Best Defined As The Study Of
A) Financial Decision-Making.
B) How Consumers Make Purchasing Decisions.
C) Choices Made By People Faced With Scarcity.
D) Inflation, Unemployment, And Economic
Growth. ANS: C
Diff: 2
Topic: Why Study
Economics? Skill: Definition
4) The Industrial Revolution Refers To The Rise Of The Modern Factory System In During
The Late Eighteenth And Early Nineteenth Centuries.
A) The United States B) England
C) France D) Germany
ANS: B
Diff: 1
Topic: Why Study
Economics? Skill: Fact
1
13TH EDITION BY KARL E. CASE; RAY C. FAIR; SHARON
E. OSTER| ALL CHAPTERS 1-21|LATEST 2025
, Test Item File To Accompany
Principles Of
Microeconomics
Test Item File 2
13th edition
By
Case/Fair/Ost
er
Prentice Hall
C.200
9
10/30/
,Contents
Chapter 1 The Scope And Method Of Economics 1
Chapter 2 The Economic Problem: Scarcity And Choice 29
Chapter 3 Demand, Supply, And Market Equilibrium 55
Chapter 4 Demand And Supply Applications 98
Chapter 5 Elasticity 117
Chapter 6 Household Behavior And Consumer Choice 135
Chapter 7 The Production Process: The Behavior Of Profit-Maximizing 171
Firms
Chapter 8 Short-Run Costs And Output Decisions 207
Chapter 9 Long-Run Costs And Output Decisions 252
Chapter 10 Input Demand: The Labor And Land Markets 292
Chapter 11 Input Demand: The Capital Markets And Investment Decision 323
Chapter 12 General Equilibrium And The Efficiency Of Perfect 348
Competition
Chapter 13 Monopoly And Antitrust Policy 377
Chapter 14 Oligopoly 425
Chapter 15 Monopolistic Competition 449
Chapter 16 Externalities, Public Goods, Imperfect
Information, And Social Choice 476
Chapter 17 Uncertainty And Asymmetric Information 517
Chapter 18 Income Distribution And Poverty 535
Chapter 19 Public Finance: The Economics Of Taxation 563
Chapter 20 International Trade, Comparative Advantage, And 592
Protectionism
Chapter 21 Economic Growth In Developing And Transitional Economies 628
, Chapter 1 The Scope And Method Of Economics
1.1 Why Study Economics?
1 Multiple Choice
1) The Reasons To Study Economics Include Which Of The Following?
A) To Be An Informed Voter B) To Understand Society And Global Affairs
C) To Learn A Way Of Thinking D) All Of The
Above ANS: D
Diff: 1
Topic: Why Study
Economics? Skill: Fact
2) Marginalism Is
A) The Best Alternative That We Forego When Making A Decision.
B) The Study Of How Societies Choose To Use Scarce Resources.
C) A Market Situation In Which Profit Opportunities Are Eliminated Almost Instantaneously.
D) The Process Of Analyzing The Additional Costs Or Benefits Arising From A
Decision. ANS: D
Diff: 1
Topic: Why Study
Economics? Skill: Definition
3) Economics Is Best Defined As The Study Of
A) Financial Decision-Making.
B) How Consumers Make Purchasing Decisions.
C) Choices Made By People Faced With Scarcity.
D) Inflation, Unemployment, And Economic
Growth. ANS: C
Diff: 2
Topic: Why Study
Economics? Skill: Definition
4) The Industrial Revolution Refers To The Rise Of The Modern Factory System In During
The Late Eighteenth And Early Nineteenth Centuries.
A) The United States B) England
C) France D) Germany
ANS: B
Diff: 1
Topic: Why Study
Economics? Skill: Fact
1
