Test Bank for Microeconomics 9th Edition by Jeffrey M. Perloff

TEST BANK For Microeconomics, 9th edition
B B B B B




by Jeffrey M. Perloff, Chapters 1 - 20
B B B B B B B

,Table of contents
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1. Introduction
2. Supply and Demand
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3. Applying the Supply-and-Demand Model
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4. Consumer Choice B




5. Applying Consumer Theory
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6. Firms and Production
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7. Costs
8. Competitive Firms and Markets B B B




9. Applying the Competitive Model
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10. General Equilibrium and Economic Welfare
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11. Monopoly
12. Pricing and Advertising B B




13. Oligopoly and Monopolistic Competition
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14. Game Theory B




15. Factor Markets B




16. Interest Rates, Investments, and Capital Markets
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17. Uncertainty
18. Externalities, Open-Access, and Public Goods B B B B




19. Asymmetric Information B




20. Contracts and Moral Hazards B B B

,ChapterB1 Introduction
1.1 Microeconomics:BTheBAllocationBofBScarceBResources
1) MicroeconomicsBstudiesBtheBallocationBof

A) decisionBmakers.

B) scarceBresources.

C) models.

D) unlimitedBresources.BA
NSWER: B
Section:
TheBAllocationBofBScarceBResourcesBQ
uestionBStatus: Old
AACSB: AnalyticBthinking


2) MicroeconomicsBisBoftenBcalled

A) priceBtheory.

B) decisionBscience.

C) scarcity.

D) resourceBtheory.B
ANSWER: A
Section:
TheBAllocationBofBScarceBResourcesBQ
uestionBStatus: Old
AACSB: AnalyticBthinking


3) MostBmicroeconomicBmodelsBassumeBthatBdecisionBmakersBwishBto

A) makeBthemselvesBasBwellBoffBasBpossible.

B) actBselfishly.

C) makeBothersBasBwellBoffBasBpossible.

D) NoneBofBtheBabove.B
ANSWER: A
Section:
TheBAllocationBofBScarceBResourcesBQ
uestionBStatus: Old
AACSB: AnalyticBthinking
4) SocietyBfacesBtrade-­ ‑offsBbecauseBof

A) governmentBregulations.

B) profitBmotive.

C) facelessBbureaucrats.

, D) scarcity.B
ANSWER: D
Section:
TheBAllocationBofBScarceBResourcesBQ
uestionBStatus: Old
AACSB: AnalyticBthinking