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Microeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bank

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Microeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bankMicroeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bank

Microeconomics

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Microeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bank

Edition: 9Edition

Author Name: Robert Pindyck, MIT Daniel Rubinfeld

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Microeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bankMicroeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bank

Microeconomics

( Test Bank)

Microeconomics, 9th Edition Robert Pindyck, MIT Daniel Rubinfeld Test bank

Edition: 9Edition

Author Name: Robert Pindyck, MIT Daniel Rubinfeld

contact:

Whatsapp +1 (949) 734-4773

 

for the Facebook page click here 

 

for more books  for  ( Test Bank and Solution Manual) click here

 

For a Solution, manual click here

 

sample free

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Microeconomics, 9e (Pindyck/Rubinfeld)

Chapter 1   Preliminaries

 

1.1   The Themes of Microeconomics

 

1) Microeconomics is the branch of economics that deals with which of the following topics?

  1. A) The behavior of individual consumers
  2. B) Unemployment and interest rates
  3. C) The behavior of individual firms and investors
  4. D) B and C
  5. E) A and C

Answer:  E

Diff: 1

Section:  1.1

 

2) A Rolling Stones song goes:  “You can’t always get what you want.”  This echoes an important theme from microeconomics.  Which of the following statements is the best example of this theme?

  1. A) Consumers must make the best purchasing decisions they can, given their limited incomes.
  2. B) Workers do not have as much leisure as they would like, given their wages and working conditions.
  3. C) Workers in planned economies, such as North Korea, do not have much choice over jobs.
  4. D) Firms in market economies have limited financial resources.

Answer:  A

Diff: 1

Section:  1.1

 

3) This textbook is about microeconomics because it deals mainly with the behavior of variables such as:

  1. A) national output, interest rates, unemployment and inflation.
  2. B) individual economic units, such as consumers, firms, workers and investors.
  3. C) national and international markets, exchange rates and economic treaties.
  4. D) economic sectors, the business cycle and monetary and fiscal policies.

Answer:  B

Diff: 1

Section:  1.1

 

4) The problem of scarcity means that people face trade-offs.  Which of the following trade-offs are the concern of microeconomics?

  1. A) Trade-offs faced by consumers in the purchase of goods
  2. B) Trade-offs faced by workers between work and leisure
  3. C) Trade-offs faced by firms in what goods to produce
  4. D) all of the above

Answer:  D

Diff: 1

Section:  1.1

 

5) The textbook argues that one of the trade-offs workers make is working for a small company or a large company.  The small companies offer:

  1. A) job security but limited potential for advancement.
  2. B) more potential for advancement but limited job security.
  3. C) both job security and ample potential for advancement.
  4. D) benefits that appeal to the workers that do not include job security or career advancement.

Answer:  B

Diff: 1

Section:  1.1

 

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