TEST BANK For Microeconomics, 9th Edition by Jeffrey M. Perloff, Verified Chapters 1 - 20, Complete Newest Version

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TEST6BANK6FOR6MICROECONOMICS,69TH6EDITION6 BY6JEFFREY6M.6PERLOFF,6CHAPTERS61
6-620

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Table6of6contents

1. Introduction

2. Supply6and6Demand

3. Applying6the6Supply-and-Demand6Model

4. Consumer6Choice

5. Applying6Consumer6Theory

6. Firms6and6Production

7. Costs

8. Competitive6Firms6and6Markets

9. Applying6the6Competitive6Model

10. General6Equilibrium6and6Economic6Welfare

11. Monopoly

12. Pricing6and6Advertising

13. Oligopoly6and6Monopolistic6Competition

14. Game6Theory

15. Factor6Markets

16. Interest6Rates,6Investments,6and6Capital6Markets

17. Uncertainty

18. Externalities,6Open-Access,6and6Public6Goods

19. Asymmetric6Information

20. Contracts6and6Moral6Hazards

,Chapter61 Introduction

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1.1 Microeconomics:6The6Allocation6of6Scarce6Resources




1) Microeconomics6studies6the6allocation6 of

A) decision6 makers.

B) scarce6 resources.

C) models.

D) unlimited6 resourc
es.66ANSWER:6B
Section:
The6Allocation6of6Scarce6Res
ources6 Question6 Status: Old
AACSB: Analytic6 thinking



2) Microeconomics6is6often6called

A) price6theory.

B) decision6 science.

C) scarcity.

D) resource6 theo
ry.66ANSWER:6
A
Section:
The6Allocation6of6 Scarce6Res
ources6 Question6 Status: Old
AACSB: Analytic6 thinking



3) Most6microeconomic6 models6assume6that6decision6 makers6wish6to

A) make6themselves6as6well6off6as6possible.

, B) act6selfishly.

C) make6others6as6well6off6as6possible.

D) None6of6the6a
bove.66ANSWER:6
A
Section: The6Allocation6of6Scarce6Resources