Test Bank — Microeconomics: Global Edition, 9th Edition (Perloff, 2024) | All Chapters 1-20 Covered

TEST BANK
Microeconomics, Global Edition
ST

Jeffrey Perloff

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9th Edition
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AP
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TEST BANK
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, Test Bank
Microeconomics, Global Edition
Jeffrey M. Perloff
9TH EDITION
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TABLE OF CONTENTS
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PART ONE — INTRODUCTION AND
SUPPLY-DEMAND BASICS
Ch. 01 Introduction
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Ch. 02 Supply and Demand
Ch. 03 Applying the Supply-and-Demand Model
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PART TWO — CONSUMER THEORY
Ch. 04 Consumer Choice
Ch. 05 Applying Consumer Theory
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PART THREE — PRODUCTION, COSTS, AND
COMPETITIVE MARKETS
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Ch. 06 Firms and Production
Ch. 07 Costs
Ch. 08 Competitive Firms and Markets
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Ch. 09 Applying the Competitive Model
Ch. 10 General Equilibrium and Economic Welfare

PART FOUR — MARKET POWER AND STRATEGIC
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BEHAVIOUR
Ch. 11 Monopoly
Ch. 12 Pricing and Advertising
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Ch. 13 Oligopoly and Monopolistic Competition
Ch. 14 Game Theory

, PART FIVE — FACTOR AND CAPITAL MARKETS
Ch. 15 Factor Markets
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Ch. 16 Interest Rates, Investments, and Capital Markets

PART SIX — INFORMATION, RISK, AND MARKET
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FAILURES
Ch. 17 Uncertainty
Ch. 18 Externalities, Open-Access, and Public Goods
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Ch. 19 Asymmetric Information
Ch. 20 Contracts and Moral Hazards
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, Microeconomics, 9e, Global Edition (Perloff)
Chapter 1 Introduction
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1.1 Microeconomics: The Allocation of Scarce Resources

1) Microeconomics studies the allocation of
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A) decision makers.
B) scarce resources.
C) models.
D) unlimited resources.
Answer: B
Section: The Allocation of Scarce Resources
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Question Status: Old
AACSB: Analytic thinking

2) Microeconomics is often called
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A) price theory.
B) decision science.
C) scarcity.
D) resource theory.
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Answer: A
Section: The Allocation of Scarce Resources
Question Status: Old
AACSB: Analytic thinking

3) Most microeconomic models assume that decision makers wish to
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A) make themselves as well off as possible.
B) act selfishly.
C) make others as well off as possible.
D) None of the above.
Answer: A
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Section: The Allocation of Scarce Resources
Question Status: Old
AACSB: Analytic thinking

4) Society faces trade-offs because of
A) government regulations.
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B) profit motive.
C) faceless bureaucrats.
D) scarcity.
Answer: D
Section: The Allocation of Scarce Resources
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Question Status: Old
AACSB: Analytic thinking





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