Full Test Bank for Microeconomics – 9th Edition by Jeffrey M. Perloff – Complete Chapters 1–20| isbn 9781292071701

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

,Table of contents
qu qu




1. Introduction
2. Supply and Demand qu qu




3. Applying the Supply-and-Demand Model
qu qu qu




4. Consumer Choice qu




5. Applying Consumer Theory qu qu




6. Firms and Production
qu qu




7. Costs
8. Competitive Firms and Markets qu qu qu




9. Applying the Competitive Model
qu qu qu




10. General Equilibrium and Economic Welfare
qu qu qu qu




11. Monopoly
12. Pricing and Advertising
qu qu




13. Oligopoly and Monopolistic Competition
qu qu qu




14. Game Theory qu




15. Factor Markets
qu




16. Interest Rates, Investments, and Capital Markets
qu qu qu qu qu




17. Uncertainty
18. Externalities, Open-Access, and Public Goods qu qu qu qu




19. Asymmetric Information qu




20. Contracts and Moral Hazards qu qu qu




Chapter 1 qu Introduction
1.1 Microeconomics: The Allocation of Scarce Resources qu qu qu qu qu




1) Microeconomics studies the allocation of qu qu qu qu




A) decision makers. qu




B) scarce resources. qu




C) models.
D) unlimited
qu resources.ANSWER: uq

, B
Section: The Allocation of Scarce qu qu qu




qu ResourcesQuestion Status: uq qu Old
AACSB: Analytic thinking qu




2) Microeconomics is often called qu qu qu




A) price theory. qu




B) decision science. qu




C) scarcity.
D) resource
qu theory.ANSWER
uq




: A
Section: The Allocation of Scarce qu qu qu




qu ResourcesQuestion Status: uq qu Old
AACSB: Analytic thinking qu




3) Most microeconomic models assume that decision makers wish to
qu qu qu qu qu qu qu qu




A) make themselves as well off as possible.
qu qu qu qu qu qu




B) act selfishly.
qu




C) make others as well off as possible.
qu qu qu qu qu qu




D) None of the qu qu




qu above.ANSWER:
uq




A
Section: The Allocation of Scarce qu qu qu




qu ResourcesQuestion Status: uq qu Old
AACSB: Analytic thinking qu




4) Society faces trade--‐ offs because of
qu qu qu qu




A) government regulations. qu




B) profit motive. qu




C) faceless bureaucrats. qu

, D) scarcity.
qu ANSWER:
D
Section: The Allocation of Scarce
qu qu qu




qu ResourcesQuestion Status:
uq qu Old
AACSB: Analytic thinking qu