TEST BANK For Microeconomics, 9th edition
by Jeffrey M. Perloff, Chapters 1 - 20
,Table of contents
QD QD
1. Introduction
2. Supply and Demand
QD QD
3. Applying the Supply-and-Demand Model
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4. Consumer Choice QD
5. Applying Consumer Theory QD QD
6. Firms and Production
QD QD
7. Costs
8. Competitive Firms and Markets QD QD QD
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
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13.Oligopoly and Monopolistic Competition
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14. Game Theory QD
15.Factor Markets
QD
,16.Interest Rates, Investments, and Capital Markets
QD QD QD QD QD
17. Uncertainty
18.Externalities, Open-Access, and Public Goods
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19.Asymmetric Information
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20. Contracts and Moral Hazards QD QD QD
Chapter 1 QD Introduction
1.1 Microeconomics: The Allocation of Scarce Resources QD QD QD QD QD
1) Microeconomics studies the allocation of QD QD QD QD
A) decision makers. QD
B) scarce resources. QD
C) models.
D) unlimited resources. QD Q
D
ANSWER: B
Section:
The Allocation of Scarce Resources
QD QD QD QD Q
D
Question Status: QD Old
AACSB: Analytic thinking QD
2) Microeconomics is often called QD QD QD
A) price theory.QD
, B) decision science. QD
C) scarcity.
D) resource theory. QD Q
D
ANSWER: A
Section:
The Allocation of Scarce Resources
QD QD QD QD Q
D
Question Status: QD Old
AACSB: Analytic thinking QD
3) Most microeconomic models assume that decision makers wish to
QD QD QD QD QD QD QD QD
A) make themselves as well off as possible.
QD QD QD QD QD QD
B) act selfishly.
QD
C) make others as well off as possible.
QD QD QD QD QD QD
D) None of the above
QD QD QD
.ANSWER: A
Q
D
Section:
The Allocation of Scarce Resources
QD QD QD QD Q
D
Question Status: QD Old
AACSB: Analytic thinking QD
4) Society faces trade-‐‑offs because of
QD QD QD QD
A) government regulations. QD
B) profit motive.
QD
C) faceless bureaucrats. QD
by Jeffrey M. Perloff, Chapters 1 - 20
,Table of contents
QD QD
1. Introduction
2. Supply and Demand
QD QD
3. Applying the Supply-and-Demand Model
QD QD QD
4. Consumer Choice QD
5. Applying Consumer Theory QD QD
6. Firms and Production
QD QD
7. Costs
8. Competitive Firms and Markets QD QD QD
9. Applying the Competitive Model
QD QD QD
10.General Equilibrium and Economic Welfare
QD QD QD QD
11. Monopoly
12.Pricing and Advertising
QD QD
13.Oligopoly and Monopolistic Competition
QD QD QD
14. Game Theory QD
15.Factor Markets
QD
,16.Interest Rates, Investments, and Capital Markets
QD QD QD QD QD
17. Uncertainty
18.Externalities, Open-Access, and Public Goods
QD QD QD QD
19.Asymmetric Information
QD
20. Contracts and Moral Hazards QD QD QD
Chapter 1 QD Introduction
1.1 Microeconomics: The Allocation of Scarce Resources QD QD QD QD QD
1) Microeconomics studies the allocation of QD QD QD QD
A) decision makers. QD
B) scarce resources. QD
C) models.
D) unlimited resources. QD Q
D
ANSWER: B
Section:
The Allocation of Scarce Resources
QD QD QD QD Q
D
Question Status: QD Old
AACSB: Analytic thinking QD
2) Microeconomics is often called QD QD QD
A) price theory.QD
, B) decision science. QD
C) scarcity.
D) resource theory. QD Q
D
ANSWER: A
Section:
The Allocation of Scarce Resources
QD QD QD QD Q
D
Question Status: QD Old
AACSB: Analytic thinking QD
3) Most microeconomic models assume that decision makers wish to
QD QD QD QD QD QD QD QD
A) make themselves as well off as possible.
QD QD QD QD QD QD
B) act selfishly.
QD
C) make others as well off as possible.
QD QD QD QD QD QD
D) None of the above
QD QD QD
.ANSWER: A
Q
D
Section:
The Allocation of Scarce Resources
QD QD QD QD Q
D
Question Status: QD Old
AACSB: Analytic thinking QD
4) Society faces trade-‐‑offs because of
QD QD QD QD
A) government regulations. QD
B) profit motive.
QD
C) faceless bureaucrats. QD
