Description
Economics: Principles and Policy 14th Edition Baumol – Test Bank
Test Bank for Economics: Principles and Policy, 14th Edition, William J. Baumol, Alan S. Blinder, John L. Solow, ISBN-10: 1337912387, ISBN-13: 9781337912389, ISBN-10: 1337912409, ISBN-13: 9781337912402, ISBN-10: 0357252616, ISBN-13: 9780357252611, ISBN-10: 0357252608, ISBN-13: 9780357252604, ISBN-10: 0357252470, ISBN-13: 9780357252475, ISBN-10: 0357252489, ISBN-13: 9780357252482, ISBN-10: 035739108X, ISBN-13: 9780357391082, ISBN-10: 1337696323, ISBN-13: 9781337696326
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 Macroeconomy: Aggregate Supply and Demand
21. AN INTRODUCTION TO MACROECONOMICS
22. THE GOALS OF MACROECONOMIC POLICY
23. ECONOMIC GROWTH: THEORY AND POLICY
24. AGGREGATE DEMAND AND THE POWERFUL CONSUMER
25. DEMAND-SIDE EQUILIBRIUM: UNEMPLOYMENT OR INFLATION?
26. BRINGING IN THE SUPPLY SIDE: UNEMPLOYMENT AND INFLATION?
VII. Fiscal and Monetary Policy
27. MANAGING AGGREGATE DEMAND: FISCAL POLICY
28. MONEY AND THE BANKING SYSTEM
29. MONETARY POLICY: CONVENTIONAL AND UNCONVENTIONAL
30. THE FINANCIAL CRISIS AND THE GREAT RECESSION
31. THE DEBATE OVER MONETARY AND FISCAL POLICY
32. BUDGET DEFICITS IN THE SHORT AND LONG RUN
33. THE TRADE-OFF BETWEEN INFLATION AND UNEMPLOYMENT
VIII. The United States in the World Economy
34. INTERNATIONAL TRADE AND COMPARATIVE ADVANTAGE
35. THE INTERNATIONAL MONETARY SYSTEM: ORDER OR DISORDER?
36. EXCHANGE RATES AND THE MACROECONOMY
IX. The Economy Today
37. CONTEMPORARY ISSUES IN THE U.S. ECONOMY
