TEST BANK FOR Microeconomics 7th Edition by Jeffrey M. Perloff
Chamberlian School of Nursing
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Exam (elaborations) TEST BANK FOR Microeconomics 7th Edition by Jeffrey M. Perloff
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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...
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