Principles of Economics 2e 2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: Steven A. Greenlaw; David Shapiro
1 Welcome To Economics! 2 Choice In A World Of Scarcity 3 Demand And Supply 4 Labor And Financial Markets 5 Elasticity 6 Consumer Choices 7 Production, Costs, And Industry Structure 8 Perfect Competition 9 Monopoly 10 Monopolistic Competition And Oligopoly 11 Monopoly And Antitrust Policy 12 Environmental Protection And Negative Externalities 13 Positive Externalities And Public Goods 14 Labor Markets And Income 15 Poverty And Economic Inequality 16 Information, Risk, And Insurance 17 Financial Markets 18 Public Economy 19 The Macroeconomic Perspective 20 Economic Growth 21 Unemployment 22 Inflation 23 The International Trade And Capital Flows 24 The Aggregate Demand/aggregate Supply Model 25 The Keynesian Perspective 26 The Neoclassical Perspective 27 Money And Banking 28 Monetary Policy And Bank Regulation 29 Exchange Rates And International Capital Flows 30 Government Budgets And Fiscal Policy 31 The Impacts Of Government Borrowing 32 Macroeconomic Policy Around The World 33 International Trade 34 Globalization And Protectionism A The Use Of Mathematics In Principles Of Economics B Indifference Curves C Present Discounted Value D The Expenditure-output Model Chapter2: Choice In A World Of Scarcity
Chapter Questions Section: Chapter Questions
Problem 1SCQ: Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers... Problem 2SCQ: Return to the example in Figure 2.4. Suppose there is an improvement in medical technology that... Problem 3SCQ: Could a nation be producing in a way that is allocatively efficient, but productively inefficient? Problem 4SCQ: What are the similarities between a consumers budget constraint and societys production... Problem 5SCQ: Individuals may not act in the rational, calculating way described by the economic model of decision... Problem 6SCQ: Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a... Problem 7SCQ: Would a research study on the effects of soft drink consumption on childrens cognitive development... Problem 8RQ: Explain why scarcity leads to tradeoffs. Problem 9RQ: Explain why individuals make Choices that are directly on the budget constraint, rather than inside... Problem 10RQ: What is comparative advantage? Problem 11RQ: What does a production possibilities frontier illustrate? Problem 12RQ: Why is a production possibilities frontier typically drawn as a curve, rather than a straight line? Problem 13RQ: Explain why societies cannot make a choice above their production possibilities frontier and should... Problem 14RQ: What are diminishing marginal returns? Problem 15RQ: What is productive efficiency? Allocative efficiency? Problem 16RQ: What is the difference between a positive and a normative statement? Problem 17RQ: Is the economic model of decision-making intended as a literal description of how individuals,... Problem 18RQ: What are four responses to the claim that people should not behave in the way described in this... Problem 19CTQ: Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers... Problem 20CTQ: During the Second World War, Germanys factories were decimated. It also suffered many human... Problem 21CTQ: It is clear that productive inefficiency is a waste since resources are used in a way that produces... Problem 22CTQ: What assumptions about the economy must he true for the invisible hand to work? To what extent are... Problem 23CTQ: Do economists have any particular expertise at making normative arguments? In other words, they have... Problem 24P: If the price of a magazine is 4 each, what is the maximum number of magazines she could buy in a... Problem 25P: If the price of a pie is 12, what is the maximum number of pies she could buy in a week? Problem 26P: Draw Maries budget constraint with pies on the horizontal axis and magazines on the vertical axis.... Problem 27P: What is Maries opportunity cost of purchasing a pie? Problem 14RQ: What are diminishing marginal returns?
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for managerial economics class
Economic approach that helps managers to take business decisions. It involves the application of economic theories, models, and methods to understanding business problems and solving them.
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