Description
[embeddoc url=”https://testbankzone.net/wp-content/uploads/2022/09/chapter-1-3.doc” download=”all” viewer=”microsoft”]PART 1: INTRODUCTION
- Getting Started
- The US and Global Economies
- The Economic Problem
- Demand and Supply
PART 2: A CLOSER LOOK AT MARKETS
- Elasticities of Demand and Supply
- Efficiency of Fairness and Markets
PART 3: HOW GOVERNMENTS INFLUENCE THE ECONOMY
- Government Actions in Markets
- Taxes
- Global Markets in Action
PART 4: MARKET FAILURES AND PUBLIC POLICY
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- Externalities
- Public Goods and Common Resources
- Private Information and Healthcare
Markets
PART 5: A CLOSER LOOK AT DECISION MAKERS
- Consumer Choice and Demand
- Production and Cost
PART 6: PRICES, PROFITS, AND INDUSTRY PERFORMANCE
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
PART 7: INCOMES AND INEQUALITY
- Markets for Factors of Production
- Economic Inequality