TEST BANK For Microeconomics, 9th edition
dd dd dd dd dd
by Jeffrey M. Perloff, Chapters 1 - 20
dd dd dd dd dd dd dd
,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 dd
5. Applying Consumer Theory
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6. Firms and Production
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7. Costs
8. Competitive Firms and Marketsdd dd dd
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 dd dd
13. Oligopoly and Monopolistic Competition
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14. Game Theory dd
15. Factor Markets dd
16. Interest Rates, Investments, and Capital Markets
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17. Uncertainty
18. Externalities, Open-Access, and Public Goods dd dd dd dd
19. Asymmetric Information dd
20. Contracts and Moral Hazards dd dd dd
,Chapter dd1 Introduction
1.1 Microeconomics: ddThe ddAllocation ddof ddScarce ddResources
1) Microeconomics ddstudies ddthe ddallocation ddof
A) decision ddmakers.
B) scarce ddresources.
C) models.
D) unlimited ddresources.
ANSWER: B
d
Section: The ddAllocation ddof ddScarce
dd ResourcesdQuestion ddStatus: Old
AACSB: Analytic ddthinking
2) Microeconomics ddis ddoften ddcalled
A) price ddtheory.
B) decision ddscience.
C) scarcity.
D) resource ddtheory.
ANSWER: A
d
Section: The ddAllocation ddof ddScarce
dd ResourcesdQuestion ddStatus: Old
AACSB: Analytic ddthinking
3) Most ddmicroeconomic ddmodels ddassume ddthat dddecision ddmakers ddwish ddto
A) make ddthemselves ddas ddwell ddoff ddas ddpossible.
B) act ddselfishly.
C) make ddothers ddas ddwell ddoff ddas ddpossible.
D) None ddof ddthe
dd above.dANSWER: A
Section: The ddAllocation ddof ddScarce
dd ResourcesdQuestion ddStatus: Old
AACSB: Analytic ddthinking
4) Society ddfaces ddtrade- ‑offs ddbecause ddof
A) government ddregulations.
B) profit ddmotive.
C) faceless ddbureaucrats.
, D) scarcity.
ANSWER: D
dd
Section: The ddAllocation ddof ddScarce
ResourcesdQuestion ddStatus: Old
dd
AACSB: Analytic ddthinking
dd dd dd dd dd
by Jeffrey M. Perloff, Chapters 1 - 20
dd dd dd dd dd dd dd
,Table of contents
dd dd
1. Introduction
2. Supply and Demand
dd dd
3. Applying the Supply-and-Demand Model
dd dd dd
4. Consumer Choice dd
5. Applying Consumer Theory
dd dd
6. Firms and Production
dd dd
7. Costs
8. Competitive Firms and Marketsdd dd dd
9. Applying the Competitive Model
dd dd dd
10. General Equilibrium and Economic Welfare
dd dd dd dd
11. Monopoly
12. Pricing and Advertising dd dd
13. Oligopoly and Monopolistic Competition
dd dd dd
14. Game Theory dd
15. Factor Markets dd
16. Interest Rates, Investments, and Capital Markets
dd dd dd dd dd
17. Uncertainty
18. Externalities, Open-Access, and Public Goods dd dd dd dd
19. Asymmetric Information dd
20. Contracts and Moral Hazards dd dd dd
,Chapter dd1 Introduction
1.1 Microeconomics: ddThe ddAllocation ddof ddScarce ddResources
1) Microeconomics ddstudies ddthe ddallocation ddof
A) decision ddmakers.
B) scarce ddresources.
C) models.
D) unlimited ddresources.
ANSWER: B
d
Section: The ddAllocation ddof ddScarce
dd ResourcesdQuestion ddStatus: Old
AACSB: Analytic ddthinking
2) Microeconomics ddis ddoften ddcalled
A) price ddtheory.
B) decision ddscience.
C) scarcity.
D) resource ddtheory.
ANSWER: A
d
Section: The ddAllocation ddof ddScarce
dd ResourcesdQuestion ddStatus: Old
AACSB: Analytic ddthinking
3) Most ddmicroeconomic ddmodels ddassume ddthat dddecision ddmakers ddwish ddto
A) make ddthemselves ddas ddwell ddoff ddas ddpossible.
B) act ddselfishly.
C) make ddothers ddas ddwell ddoff ddas ddpossible.
D) None ddof ddthe
dd above.dANSWER: A
Section: The ddAllocation ddof ddScarce
dd ResourcesdQuestion ddStatus: Old
AACSB: Analytic ddthinking
4) Society ddfaces ddtrade- ‑offs ddbecause ddof
A) government ddregulations.
B) profit ddmotive.
C) faceless ddbureaucrats.
, D) scarcity.
ANSWER: D
dd
Section: The ddAllocation ddof ddScarce
ResourcesdQuestion ddStatus: Old
dd
AACSB: Analytic ddthinking
