Exam (elaborations)
TEST BANK FOR MICROENOMICS 7TH EDITION BY JEFFRY M. PERLOFF.
- Module
- Pearson
- Institution
- Pearson (PEARSON)
TEST BANK FOR MICROENOMICS 7TH EDITION BY JEFFRY M. PERLOFF.
[Show more]
Seller
Follow
Content preview
Stuvia.com - The Marketplace to Buy and Sell your Study MaterialTEST BANK FOR
MICROENOMICS 7TH EDITION BY
JEFFRY M. PERLOFF
Downloaded by: Ariah | abbieclin@gmail.com
Distribution of this document is illegal
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
Test Bank of Microeconomics 7th Edition Jeffrey
M. Perloff
Microeconomics, 7e (Perloff)
Chapter 1 Introduction
1.1 Microeconomics: The Allocation of Scarce Resources
1) Microeconomics studies the allocation of
1. A) decision makers.
Downloaded by: Ariah | abbieclin@gmail.com
Distribution of this document is illegal
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
2. B) scarce resources.
3. C) models.
4. D) unlimited resources.
2) Microeconomics is often called
1. A) price theory.
2. B) decision science.
3. C) scarcity.
4. D) resource theory.
3) Most microeconomic models assume that decision makers wish to
1. A) make themselves as well off as possible.
2. B) act selfishly.
3. C) make others as well off as possible.
Downloaded by: Ariah | abbieclin@gmail.com
Distribution of this document is illegal
, Stuvia.com - The Marketplace to Buy and Sell your Study Material
4. D) None of the above.
4) Society faces trade-offs because of
1. A) government regulations.
2. B) profit motive.
3. C) faceless bureaucrats.
4. D) scarcity.
5) A market
1. A) always involves the personal exchange of goods for money.
2. B) allows interactions between consumers and firms.
3. C) always takes place at a physical location.
4. D) has no influence on prices.
Downloaded by: Ariah | abbieclin@gmail.com
Distribution of this document is illegal
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 zanatta. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £14.28. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now