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

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TEST vBANK vFor vMicroeconomics, v9th vedition v by vJeffrey vM. vPerloff, vChapters v1 v- v20

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Table vofvcontents

1. Introduction

2. Supply vand vDemand

3. Applying vthe vSupply-and-Demand vModel

4. Consumer vChoice

5. Applying vConsumer vTheory

6. Firms vand vProduction

7. Costs

8. Competitive vFirms vand vMarkets

9. Applying vthe vCompetitive vModel

10. General vEquilibrium vand vEconomic vWelfare

11. Monopoly

12. Pricing vand vAdvertising

13. Oligopoly vand vMonopolistic vCompetition

14. Game vTheory

15. Factor vMarkets

16. Interest vRates, vInvestments, vand vCapital vMarkets

17. Uncertainty

18. Externalities, vOpen-Access, vand vPublic vGoods

19. Asymmetric vInformation

20. Contracts vand vMoral vHazards

,Chapter v1 Introduction

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v



1.1 Microeconomics: vThe vAllocation vof vScarce vResources




1) Microeconomics v studies v the v allocation v of

A) decision v makers.

B) scarce v resources.

C) models.

D) unlimited
v resources. v
v ANSWER: vB
Section: The v Allocation v of v Scarce
v Resources v Question v Status: Old
AACSB: Analytic v thinking



2) Microeconomics v is v often v called

A) price v theory.

B) decision v science.

C) scarcity.

D) resource
v theory. v
v ANSWER: vA
Section: The v Allocation v of v Scarce
v Resources v Question v Status: Old
AACSB: Analytic v thinking



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

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

, B) act v selfishly.

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

D) None v of v the
v above. v vANSWER:
A
v


Section: The v Allocation v of v Scarce v Resources