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Test Bank for Microeconomics, 9th edition by Jeffrey M. Perloff $29.49   Add to cart
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Test Bank for Microeconomics, 9th edition by Jeffrey M. Perloff
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  • Microeconomics
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  • Microeconomics

Test Bank for Microeconomics, 9th edition 9e by Jeffrey M. Perloff. Full Chapters test bank are included. Introduction Supply and Demand Applying the Supply-and-Demand Model Consumer Choice Applying Consumer Theory Firms and Production Costs Competitive Firms and Markets Applying the Com...

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  • July 27, 2023
  • 765
  • 2022/2023
  • Exam (elaborations)
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  • Microeconomics
  • Microeconomics

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Microeconomics, 9e (Perloff)
TEST BANK
Chapter 1 Introduction
1.1 Microeconomics: The Allocation of Scarce Resources

1) Microeconomics studies the allocation of
A) decision makers.
B) scarce resources.
C) models.
D) unlimited resources.
Answer: B
Section: The Allocation of Scarce Resources
Question Status: Old
AACSB: Analytic thinking

2) Microeconomics is often called
A) price theory.
B) decision science.
C) scarcity.
D) resource theory.
Answer: A
Section: The Allocation of Scarce Resources
Question Status: Old
AACSB: Analytic thinking

3) Most microeconomic models assume that decision makers wish to
A) make themselves as well off as possible.
B) act selfishly.
C) make others as well off as possible.
D) None of the above.
Answer: A
Section: The Allocation of Scarce Resources
Question Status: Old
AACSB: Analytic thinking

4) Society faces trade-offs because of
A) government regulations.
B) profit motive.
C) faceless bureaucrats.
D) scarcity.
Answer: D
Section: The Allocation of Scarce Resources
Question Status: Old
AACSB: Analytic thinking




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