Economics

Comprehensive lecture and textbook notes for all of unit 3. Great for studying for the midterms. You'll need it!!

TEST BANK FOR Microeconomics 7th Edition by Jeffrey M. Perloff Microeconomics, 7e (Perloff) 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. Answe...

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