100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Test Bank for Microeconomics, 23rd Edition by Campbell McConnell $29.49   Add to cart
Quickly navigate to
Preview
  2.  
  3. Microeconomics
  4.  
  5. Microeconomics

Exam (elaborations)

Test Bank for Microeconomics, 23rd Edition by Campbell McConnell
 30 views  0 purchase
  • Course
  • Microeconomics
  • Institution
  • Microeconomics

Test Bank Exam Bank for Microeconomics, 23rd Edition 23e by Campbell McConnell, Stanley Brue and Sean Flynn. ISBN-10: 5 ISBN-13: 1442. Full Chapters are included with Instant Download - Single click PDF - Chapter 1 to 28 (Complete Micro Chapters) PART ONE: INTRODUCTION TO ECONOMICS AND THE EC...

[Show more]

Preview 1 out of 3981  pages

Document information

  • July 11, 2023
  • 3981
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Microeconomics
  • Microeconomics

Seller

avatar-seller
StepsSol

Reviews received

Content preview

Chap 01 23e Micro
1) For economists, the word "utility" means
A) versatility and flexibility.
B) rationality.
C) pleasure or satisfaction.
D) purposefulness.



2) In economics, the pleasure, happiness, or satisfaction received from a product is called
A) marginal cost.
B) rational outcome.
C) status fulfillment.
D) utility.



3) When economists refer to scarcity, they are referring to
A) a situation where what we want of something exceeds what we have of that thing.
B) a situation where what we have of something exceeds what we want of that thing.
C) any situation where an item is limited in amount.
D) the want-satisfying properties of a good or service.



4) When economists refer to scarcity, they are referring to
A) the ability of a good to satisfy wants.
B) a situation where what we have exceeds what we want.
C) anytime an item is limited in amount.
D) a situation where what we want exceeds what we have.



5) When economists say that people act rationally in their self-interest, they mean that
individuals
A) look for and pursue opportunities to increase their utility.
B) generally disregard the interests of others.
C) are mainly creatures of habit.
D) are usually impulsive and unpredictable.




Version 1 1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller StepsSol. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $29.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81989 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

FiCEP Exam 1-50: Questions And Answers
$29.49
  • (0)
  Add to cart