Acctg 503 - Study guides, Class notes & Summaries

ACCTG 503 FIRST EXAM...

.1 Microeconomics: The Allocation of Scarce Resources 1) Microeconomics studies the allocation of 1. A) decision makers. 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. 4. D...