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Test Bank Microeconomics Theory and Applications with Calculus, 5th Edition Jeffrey M Perloff A+
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.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
Topic: Microeconomics: The Allocation of Scarce Resources Skill: Analytical thinking
Status: Old
2) Microeconomics is often called
A) price theory.
B) decision science.
C) scarcity.
Available Answer
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