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Microeconomics, 4e (PerlofO
Chapter 1 Introduction
Microeconomics: The Allocation of Scarce Resources
Microeconomics studies the allocation of
decision makers?
scarce resources.
models.
unlimited resources.
Answer: B
Topic: The Allocation of Scaicc Resources
Microeconomics is often called
price theory.
decision science?
scarcity.
resource theory.
Answer: A
Topic: The Allocation of Scaicc Resources
Most microeconomic models assume that decision makers wish to
make themselves as well off as possible?
act selfishly.
make enhers as well off as possible?
None of the above.
Answer: A
Topic: The Allo
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