C H A P T E R In this chapter, 1 In this chapter, look for the answers to these questions: look for the answers to these questions: Ten (Seven Micro-) Principles of Ten (Seven Micro-) Principles of What kinds of questions does economics address? Economics Economics What are the principles of how people make P R I N C I P L E S O F P R I N C I P L E S O F decisions? Microeonomics What are the principles of how people interact? N. Gregory Mankiw N. Gregory Mankiw What are the principles of ...
Boston College Problem Set 1, Fall 2012 EC131 - Principles of Microeconomics Instructor: Inacio G L Bo Answer the questions in the spaces provided on the question sheets. If you run out of room for an answer, continue on the back of the page. Be succinct. Longer answers don’t increase your chance of being right, but increase your chance of saying something wrong. Show how you got your answers in mathematical questions Name: 1. Say whether the propositions are True or False. If they are False, justify. (a) Microeconomics is the eld of economics that studies behaviors in an ...
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