Principles of Microeconomics

Principles of Microeconomics Suggested Problems from Study Guide EXAM 1 Material: Chapter 1 True/False Multiple Choice

Skip 10, 11 Skip 7, 14, 15

We are skipping macro questions. (#s are same for 4th and 5th editions) Chapter 2 True/False Multiple Choice

Skip 3, 5-10, 12 Skip 4, 7-13, 15-16, 18-19

We are skipping macro questions like the PPF. (#s are same for 4th and 5th editions) Chapter 21 True/False Multiple Choice

Skip 5, 7-15 Skip 2-3, 13-16, 18-19

We are skipping perfect complements/substitutes and the income/substitution effects. (#s are same for 4th and 5th editions)


Do them all. Do them all.

(#s are same for 4th and 5th editions)


Do them all. Skip 4. For the purposes of questions 15-19, a perfectly inelastic supply curve is vertical and a perfectly elastic supply curve is horizontal. I would use the terms “vertical” and “horizontal” rather than “perfectly inelastic” and “perfectly elastic.”

(#s are same for 4th and 5th editions) Chapter 15 True/False Multiple Choice

Do them all. Skip 3.




Do them all. Skip 18 and 19.





Skip 11 and 13. Skip 9, 12, 14, and 15.






Skip 6-8. Skip 11-16.


Principles of Microeconomics Suggested Problems from Study Guide New Material for FINAL EXAM: Chapter 10 True/False Multiple Choice

Do them all. Skip 7. In the third edition, a pollution tax is called a “Pigouvian” tax. In the fifth and fourth editions, a pollution tax is called a “corrective” tax.

