Test Bank for Principles of Economics 8th Edition Melvin Boyes 0538797800 9780538797801

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Now in its eighth edition, the popular PRINCIPLES OF ECONOMICS is the most widely used resource of its kind in economics classrooms worldwide. Author N. Gregory Mankiw is a superb writer and economist who covers only the most important principles to avoid overwhelming students with excessive detail.

Language: : English
ISBN-10 : 0538797800
ISBN-13 : 978-0538797801
ISBN-13 : 9780538797801

Author: William J. Boyes, Michael Melvin

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Table of Content:

Part I: INTRODUCTION TO THE PRICE SYSTEM.
1. Economics: The World Around You.
1A. Appendix: Working with Graphs.
2. Choice, Opportunity Costs, and Specialization.
3. Markets, Demand and Supply, and the Price System.
4. The Market System and the Private and Public Sectors.

Part II: PRODUCT MARKET BASICS.
5. Elasticity: Demand and Supply.
5A. Appendix: Calculating Elasticity.
6. Consumer Choice.
6A. Appendix: Indifference Analysis.
7. Supply: The Costs of Doing Business.
7A. Appendix: The Mechanics of Going from Production to Costs.

Part III: PRODUCT MARKETS.
8. Profit Maximization.
9. Perfect Competition.
10. Monopoly.
11. Monopolistic Competition and Oligopoly.
12. Antitrust and Regulation.
13. Government and Market Failure.

Part IV: RESOURCE MARKETS.
14. Resource Markets.
15. The Labor Market.
16. Capital Markets.
17. The Land Market and Natural Resources.

Part V: CURRENT ISSUES INVOLVING THE PUBLIC SECTOR AND THE MARKET ECONOMY.
18. Aging, Social Security, and Health Care.
19. Income Distribution, Poverty, and Government Policy.

Part VI: ISSUES IN INTERNATIONAL TRADE AND FINANCE.
20. World Trade Equilibrium.
21. International Trade Restrictions.
22. Exchange Rates and Financial Links Between Countries.

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