Frequent Exam Questions without Answers
These questions are a supplement. They are not in the book.
Comparisons of college exam papers reveal two tendencies: Test questions in midterm and final exams focus on a very small number of microeconomic subjects, and instructors obviously prefer questions that can be expressed in mathematical terms.
On the following pages you find a selection of common sample questions and problem sets that students tend to find difficult. First choose a chapter and then key in your answers. Unfortunately, it is technically impossible to save your answers. To compare them with my answers, you must print your answers. To see all questions and answers together, click Frequent Exam Questions with Answers.
If you want to see all 181 test questions, click Test Questions without Answers or Test Questions with Answers. If the test questions are still a bit difficult for you, go to Questions for Review without Answers or Questions for Review with Answers. These questions are considerably easier and help you to prepare for the test questions.
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Opportunity Costs
The PPF
Inferior Goods
Elasticity
Utility in Bundles. The Equimarginal Principle and Indifference Analysis
The Production Function
Cost Theory
The Least-Cost Rule and Isoquant Analysis
Profits
Effects of Government Intervention
Perfect and Imperfect Competition
Comparative Advantage
Taxation