TEST BANK FOR ECON MICRO 7th Edition by William A. McEachern , Veronika Dolar ISBN:978-0357901960 ALL CHAPTERS COVERED YOUR ULTIMATE GUIDE 100% VERIFIED A+ GRADE ASSURED!!!!!! NEW LATEST UPDATE!!!!!!!!!

Complete Test Bank- BV BV




ECON MICRO 7th Edition
BV BV BV




by William A. McEachern & Veronika
BV BV BV BV BV BV




Dolar
Latest| All Chapters| A+ Answers
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1

, TrueBV/BVFalse
1. EconomicsBVisBVbestBVdefinedBVasBVtheBVstudyBVofBVhowBVindividualsBVdecideBVtoBVuseBVlimitedBVresourcesB
VinBVanBVattemptBVtoBVsatisfyBVunlimitedBVwants.



a. True

b. False

ANSWER: True



2. EconomicsBVstudiesBVhowBVdecisionBVmakersBVuseBVscarceBVresourcesBVtoBVsatisfyBVunlimitedBVwants.

a. True

b. False

ANSWER: True



3. InBVeconomics,BVmoneyBVisBVanBVexampleBVofBVcapital.

a. True

b. False

ANSWER: False



4. ProfitBVisBVtheBVpaymentBVreceivedBVbyBVresourceBVownersBVforBVtheBVuseBVofBVtheirBVcapital.

a. True

b. False

ANSWER: False



5. RentBVisBVtheBVpaymentBVreceivedBVbyBVresourceBVownersBVforBVtheBVuseBVofBVtheirBVnaturalBVresources.

a. True

b. False

ANSWER: True



6. AnBVeconomistBVwouldBVclassifyBV100BVsharesBVofBVtheBVAppleBVComputersBVstockBVasBVcapital.

a. True


2

,b. False

ANSWER: False



7. ProfitBVisBVtheBVpaymentBVmadeBVforBVlandBVresources.

a. True

b. False

ANSWER: False



8. ResourcesBVareBVusedBVonlyBVinBVtheBVproductionBVofBVgoods,BVnotBVservices.

a. True

b. False

ANSWER: False



9. ConsideringBVbothBVproductBVmarketsBVandBVresourceBVmarkets,BVmostBVeconomicBVdecisionBVmakersBVpar
ticipateBVinBVtheBVeconomyBVasBVbothBVbuyersBVandBVsellers.

a. True

b. False

ANSWER: True



10. LaborBVandBVcapitalBVareBVexchangedBVinBVtheBVresourceBVmarket.

a. True

b. False

ANSWER: True



11. ABVrationalBVindividualBVgivesBVmoreBVtoBVcharityBVwhenBVsuchBVcontributionsBVreceiveBVfavorableBVtaxBVtreat
ment.

a. True

b. False

ANSWER: True



3

, 12. ABVrationalBVindividualBVwouldBVmakeBVcharitableBVcontributionsBVonlyBVifBVsuchBVcontributionsBVreceive
BVfavorableBVtaxBVtreatment.



a. True

b. False

ANSWER: False



13. TheBVassumptionBVofBVrationalBVself-
interestBVdoesBVnotBVruleBVoutBVtheBVpossibilityBVofBVconcernBVforBVotherBVindividuals.

a. True

b. False

ANSWER: True



14. ItBVisBValwaysBVrationalBVtoBVacquireBVmoreBVinformationBVbeforeBVmakingBVaBVdecision.

a. True

b. False

ANSWER: False



15. RationalBVself-interestBVisBVequivalentBVtoBVpureBVselfishness.

a. True

b. False

ANSWER: False



16. SaraBVisBVconsideringBVtheBVpurchaseBVofBVaBVnewBVcar.BVRationalBVself-
interestBVdemandsBVthatBVsheBVdoBVanBVexhaustiveBVresearchBVstudyBVtoBVacquireBVeveryBVbitBVofBVinformation
BVpossibleBVaboutBVherBVpotentialBVoptions.



a. True

b. False

ANSWER: False



17. ABVmarginalBVadjustmentBVonlyBVrefersBVtoBVaBVminorBVchange.

a. True
4