Test Bank for MICROeconomics Principles and Policy 14th Edition by Baumol

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Table of Contents

TABLE OF CONTENTS

I. Getting Acquainted with Economics 
1. WHAT IS ECONOMICS? 
2. THE ECONOMY: MYTH AND REALITY 
3. THE FUNDAMENTAL ECONOMIC PROBLEM: SCARCITY AND CHOICE 
4. SUPPLY AND DEMAND: AN INITIAL LOOK
II. The Building Blocks of Demand and Supply
5. CONSUMER CHOICE: INDIVIDUAL AND MARKET DEMAND 
6. DEMAND AND ELASTICITY 
7. PRODUCTION, INPUTS, AND COST: BUILDING BLOCKS FOR SUPPLY ANALYSIS 
8. OUTPUT, PRICE, AND PROFIT: THE IMPORTANCE OF MARGINAL ANALYSIS 
9. THE FINANCIAL MARKETS AND THE ECONOMY: THE TAIL THAT WAGS THE DOG? 
III. The Virtues of Free Markets 
10. THE FIRM AND THE INDUSTRY UNDER PERFECT COMPETITION 
11. THE CASE FOR FREE MARKETS: THE PRICE SYSTEM 
IV. The Limitations of Free Markets
12. MONOPOLY
13. BETWEEN COMPETITION AND MONOPOLY 
14. LIMITING MARKET POWER: ANTITRUST AND REGULATION 
15. THE SHORTCOMINGS OF FREE MARKETS 
16. EXTERNALITIES, EXTERNALITEIS, THE ENVIRONMENT, AND NATURAL RESOURCES
17. TAXATION AND RESOURCE ALLOCATION
V. The Distribution of Income
18. PRICING THE FACTORS OF PRODUCTION 
19. LABOR AND ENTREPRENEURSHIP: THE HUMAN INPUTS 
20. POVERTY, INEQUALITY, AND DISCRIMINATION
VI. The United States in the World Economy
21. INTERNATIONAL TRADE AND COMPARATIVE ADVANTAGE 
VII. The Economy Today 
22. CONTEMPORARY ISSUES IN THE U.S. ECONOMY
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