Economics in Our Times: Arnold, Roger A.: 9780538426190: Book: Business & Economics: eCampus.com

UNIT 1 Introduction to Economics

(111)

Economics in Today's World

(28)

Introduction

(1)

After You Study This Chapter, You Will Be Able To

(1)

Key Terms

(1)

Thinking Like An Economist

(5)

Thinking in Terms of Costs and Benefits

(1)

Thinking in Terms of What Would Have Been

(1)

Thinking in Terms of Unintended Effects

(1)

Thinking in Terms of a Global Economy

(1)

Thinking in Terms of the Small and the Big

(1)

Scarcity, Choice, and Opportunity Cost

(8)

What is Scarcity?

(1)

Case Study: Economics in the U.S. Senate

(1)

Because of Scarcity, Choices Have to Be Made

(1)

U.S. Economic Focus: Scarcity, Choice, and State Spending

(3)

From Choices to Opportunity Costs

(1)

The Link Between Scarcity, Choice, and Opportunity Cost

(1)

A Definition of Economics

(1)

Resources

(3)

Land

(1)

Labor

(1)

Capital

(1)

Entrepreneurship

(2)

Economics and People: Reginald F. Lewis

(1)

The Monetary Payments to Resources

(1)

Three Economic Questions Every Society Must Answer

(10)

Three Economic Questions

(1)

Major Differences between Free Enterprise and Socialism

(1)

Economic Systems and Reality

(2)

Developing Economic Skills: Illustrating Ideas with Graphs

(6)

Our Free-Enterprise System: Markets, Ethics, and Entrepreneurs

(28)

Introduction

(1)

After You Study This Chapter, You Will Be Able To

(1)

Key Terms

(1)

Free Enterprise

(3)

Free Enterprise and the Three Economic Questions

(1)

Five Features of Free Enterprise

(3)

Free Enterprise: Emphasis on Profit and Loss

(4)

Profits in a Free-Enterprise Economy

(1)

Economics and People: Adam Smith (1723--1790)

(2)

Profits: A Photo or a Video?

(1)

The Ethics of the Free-Enterprise System

(5)

Ethics and Free Enterprise

(2)

Case Study: Russia Moves Toward Free Enterprise

(1)

Economic Principles and the Constitution, the Bill of Rights, and the Declaration of Independence

(1)

Economic Rights and Responsibilities in a Free-Enterprise Economy

(1)

Entrepreneurs

(3)

It Is Not Easy to Be an Entrepreneur

(2)

Analyzing Primary Sources: The Wealth of Nations, by Adam Smith

(1)

The Role of Government in A Free-Enterprise Economy

(4)

Government as Enforcer of Contracts

(1)

Government as Provider of Public Goods

(1)

Making Consumer Economic Decisions: Guidelines for a Wise Consumer

(2)

The Circular Flow of Economic Activity: A Picture is Worth a Thousand Words

(7)

The Circular Flow

(1)

Why Is the Circular-Flow Diagram Useful?

(2)

Developing Economic Skills: Calculating Percentages

(4)

Demand and Supply

(32)

Introduction

(1)

After You Study This Chapter, You Will Be Able To

(1)

Key Terms

(1)

Demand

(3)

What Is Demand?

(1)

The Law of Demand: You Already Know What It Says

(1)

What Is Quantity Demanded?

(1)

Why Do Price and Quantity Demanded Move in Opposite Directions?

(1)

A Demand Schedule

(1)

A Demand Curve

(1)

Factors That Can Cause the Demand Curve to Shift

(6)

What Does It Mean When the Demand Curve Shifts?

(1)

What Factors Cause Demand Curves to Shift?

(1)

Making Consumer Economic Decisions: Advertising and You

(4)

Elasticity of Demand

(6)

What Is Elasticity of Demand?

(1)

Determinants of Elasticity

(2)

Economics and People: Sonia Melara

(1)

Elasticity and Total Revenue: Why Does Elasticity Matter?

(2)

Supply

(3)

What Is Supply?

(1)

The Law of Supply

(1)

What Is Quantity Supplied?

(1)

A Supply Schedule

(1)

A Supply Curve

(2)

Factors That Can Cause the Supply Curve to Shift

(12)

What Does It Mean When the Supply Curve Shifts?

(1)

What Factors Cause Supply Curves to Shift?

(2)

Elasticity of Supply

(1)

Case Study: Can You Get Better Grades Than You Have Been Getting?

(1)

The Responsibilities of Buyers and Sellers

(1)

Developing Economic Skills: Working with Supply and Demand Curves

(7)

Determining Prices

(22)

Introduction

(1)

After You Study This Chapter, You Will Be Able To

(1)

Key Terms

(1)

The Market: Supply and Demand Together

(5)

Supply and Demand at Work at an Auction

(1)

Moving to Equilibrium: What Happens to Price When There Is a Surplus or a Shortage?

(2)

Case Study: The Spotted Owl and Timber Prices

(1)

Changes in Equilibrium Price

(1)

Price as a Rationing Device

(3)

Rationing Devices in a World of Scarcity

(1)

Is It Fair to Use Price as a Rationing Device?

(1)

Economics and People: Alfred Marshall (1842--1924)

(1)

Supply and Demand in Action

100

(12)

Why There Are Long Lines for Some Rock Concerts

100

(2)

U.S. Economic Focus: House Prices across the States

102

(2)

Earthquakes in California and Bottled Water Prices

104

(1)

Candy Bars, Bread, and Real Estate Prices

104

(1)

Making Consumer Economic Decisions: Obtaining Important Consumer Information

105

(4)

Developing Economic Skills: Understanding What Price Tells Us

109

(3)

UNIT 2 Business, The Marketplace, and Economic Decisions

112

(140)

Business Decisions: Costs, Revenues, and Profits

114

(32)

Introduction

114

(1)

After You Study This Chapter, You Will Be Able To

115

(1)

Key Terms

115

(1)

Types of Business Firms

116

(15)

Sole Proprietorships

116

(2)

Partnerships

118

(1)

Corporations

119

(2)

How to Form a Corporation

121

(1)

The Corporate Structure

122

(1)

Financing Corporate Activity

122

(2)

U.S. Economic Focus: Cities, States, and the Fortune 500 Corporations

124

(3)

Other Business Organizations: Cooperatives and Franchises

127

(1)

The Small Business Administration

128

(1)

Making Consumer Economic Decisions: How to Buy and Sell Stocks and Bonds

129

(2)

Costs

131

(4)

Fixed and Variable Costs

131

(1)

Case Study: U.S. Business in the Global Economy

132

(1)

Average Costs

133

(1)

Marginal Cost: A Very Important Cost Concept

134

(1)

Revenues and Deciding How Much to Produce

135

(11)

Total Revenue and Marginal Revenue

135

(1)

Deciding How Much to Produce

136

(1)

Profit, Marginal Revenue, and Marginal Cost

137

(1)

Economics and People: Howard Schultz

138

(1)

The Law of Diminishing Returns and Whether or Not an Additional Worker Should Be Hired

139

(2)

Developing Economic Skills: Reading the Financial Pages

141

(5)

Competition and Markets

146

(22)

Introduction

146

(1)

After You Study This Chapter, You Will Be Able To

147

(1)

Key Terms

147

(1)

Perfect Competition

148

(3)

The Characteristics of Perfect Competition

148

(1)

What Do We Conclude from the Four Conditions? Sellers Have No Control Over Price

148

(1)

Even Though a Market Does Not Meet Every Condition of Perfect Competition, Its Sellers Still May Have No Control over Price

149

(1)

Economics and People: Madam C. J. Walker

150

(1)

Monopoly

151

(6)

The Characteristics of Monopoly

151

(1)

Monopolists Have Control over Price

152

(1)

Barriers to Entry

152

(2)

Analyzing Primary Sources: Robert Fulton and the Steamboat

154

(3)

Government Monopoly and Market Monopoly

157

(1)

Monopolistic Competition

157

(5)

The Characteristics of Monopolistic Competition

157

(1)

U.S. Economic Focus: Supermarkets, Department Stores, and More

158

(3)

Many Monopolistic Competitors Would Rather Be Monopolists

161

(1)

Oligopoly

162

(6)

The Characteristics of Oligopoly

162

(1)

How Do We Know Which Industries Are Oligopolistic?

162

(1)

Oligopoly and Competition

162

(1)

Oligopoly and Advertising

163

(1)

Developing Economic Skills: The Economics Paper: Finding A Topic

164

(4)

The Labor Force

168

(30)

Introduction

168

(1)

After You Study This Chapter, You Will Be Able To

169

(1)

Key Terms

169

(1)

What Determines Wages?

170

(8)

Supply and Demand in the Labor Market

170

(3)

In General, Why Wage Rates Differ

173

(1)

The Demand for a Good and Wage Rates

173

(1)

U.S. Economic Focus: Wages across the States

174

(3)

Government and Wages

177

(1)

Labor Unions and the Labor Market

178

(6)

Some Practices of Labor Unions

178

(2)

Case Study: A Brief History of the Labor Movement

180

(3)

Unions' Effects on Union and Nonunion Wages

183

(1)

Two Views of Labor Unions

184

(1)

The Challenge for Labor In Future Years

184

(4)

Major Economic Forces Affecting the Workplace

185

(1)

Economics and People: Francisco Hernandez Juarez

186

(2)

Measuring Unemployment

188

(10)

Who Are the Unemployed?

188

(1)

How Do You Know If You're Employed or Unemployed?

188

(2)

Making Consumer Economic Decisions: Know Your Employee Protections and Rights

190

(2)

The Unemployment and Employment Rates

192

(1)

Developing Economic Skills: The Economics Paper: Doing the Research

193

(5)

Government and Business

198

(26)

Introduction

198

(1)

After You Study This Chapter, You Will Be Able To

199

(1)

Key Terms

199

(1)

Antitrust Law

200

(2)

The Sherman Act

200

(1)

The Clayton Act

200

(1)

The Federal Trade Commission Act

201

(1)

The Robinson-Patman Act

201

(1)

The Wheeler-Lea Act

202

(1)

Regulation

202

(6)

Natural Monopoly Regulation

202

(1)

Social Regulation

203

(1)

Making Consumer Economic Decisions: Understanding Your Consumer Rights

204

(2)

The Costs and Benefits of Government Regulation

206

(1)

Some Effects of Regulation Are Unintended

207

(1)

Externalities

208

(5)

Negative Externalities

208

(1)

Analyzing Primary Sources: Why and How Governments Regulate

209

(1)

Government and Positive Externalities

210

(1)

Government and Negative Externalities

211

(2)

The Business of Agriculture

213

(11)

Agriculture and Increased Productivity

213

(1)

U.S. Economic Focus: Farmers and Crops

214

(3)

Farmers Prefer Selling at High Prices to Selling at Low Prices

217

(3)

Developing Economic Skills: The Economics Paper: Writing It

220

(4)

Economic Challenges: The Environment, Health Care, and Poverty

224

(28)

Introduction

224

(1)

After You Study This Chapter, You Will Be Able To

225

(1)

Key Terms

225

(1)

The Environment

226

(8)

What Is Pollution?

226

(1)

Is Some Pollution Better Than No Pollution?

226

(1)

Why Is There Air Pollution and Water Pollution but Not Front-Yard Pollution?

226

(2)

Case Study: Why Don't More People Recycle?

228

(1)

Two Methods to Reduce Pollution

229

(2)

Analyzing Primary Sources: Economics and the Environment

231

(3)

Health Care

234

(8)

Why Has the Price of Health Care Been Rising?

235

(2)

Making Consumer Economic Decisions: How to Reduce Some Health Care Costs

237

(3)

Analyzing Primary Sources: President Clinton Speaks about Health Care

240

(2)

Poverty

242

(10)

What is Poverty?

242

(1)

Money Income and In-Kind Benefits

243

(1)

Who Are the Poor?

243

(1)

The Causes of Poverty

244

(1)

Poverty and the Price System

245

(1)

Proposed and Existing Ways of Reducing or Eliminating Poverty

245

(3)

Developing Economic Skills: The Economics Paper: Rewriting

248

(4)

UNIT 3 The Economy of the United States

252

(144)

Money

254

(22)

Introduction

254

(1)

After You Study This Chapter, You Will Be Able To

255

(1)

Key Terms

255

(1)

The Origins Of Money: How Money Came To Be

256

(5)

A Barter Economy

256

(1)

How Did Money Emerge From a Barter Economy?

256

(2)

What Gives Money Its Value?

258

(1)

Gresham's Law: Good Money, Bad Money

259

(1)

The Functions of Money

260

(1)

How Banking Developed

261

(3)

The Early Bankers

261

(1)

Economics and People: William Henry Furness III

262

(2)

The Money Supply

264

(12)

Components of the Money Supply

264

(2)

Making Consumer Economic Decisions: Understanding Checking Accounts and Credit Cards

266

(4)

What about a Savings Account? Is It Money?

270

(1)

Are Credit Cards Money?

270

(1)

Debit Cards

270

(1)

Developing Economic Skills: Calculating Relative Prices

271

(5)

Banking and the Federal Reserve System

276

(24)

Introduction

276

(1)

After You Study This Chapter, You Will Be Able To

277

(1)

Key Terms

277

(1)

The Federal Reserve System

278

(4)

The Structure of the Federal Reserve System

278

(1)

An Important Committee: The FOMC

279

(1)

Functions of the Federal Reserve System

279

(1)

Analyzing Primary Sources: The Federal Reserve Act

280

(2)

The Money Creation Process

282

(7)

A Few Preliminary Facts

282

(2)

Case Study: The Fed in the Great Depression

284

(1)

How Banks Create Demand Deposits and Thus Increase the Money Supply

285

(1)

What Does the Bank Do with Excess Reserves?

286

(1)

The Story Continues...

287

(1)

How Much Money Was Created, and Who Created What?

288

(1)

A Simple Formula

288

(1)

Fed Tools For Changing The Money Supply

289

(11)

Changing the Reserve Requirement

289

(1)

Case Study: The Savings and Loan Bailout

290

(2)

Open-Market Operations

292

(1)

Changing the Discount Rate

293

(2)

Developing Economic Skills: Identifying Economic Trends

295

(5)

Measuring Economic Performance

300

(30)

Introduction

300

(1)

After You Study This Chapter, You Will Be Able To

301

(1)

Key Terms

301

(1)

National Income Accounting

302

(4)

Gross Domestic Product

302

(1)

Why Final Goods?

302

(1)

What GDP Omits

303

(1)

Case Study: GDP Replaces GNP

304

(2)

Measuring GDP

306

(7)

How Is GDP Measured?

306

(2)

Large GDP Figures Aren't the Only Thing in Life

308

(2)

U.S. Economic Focus: Total Personal Income across the States

310

(3)

Real GDP

313

(6)

The Two Variables of GDP: P and Q

314

(1)

The Base Year

314

(1)

The Business Cycle

314

(2)

Analyzing Primary Sources: Economists and Others on the Business Cycle

316

(3)

Measuring Price Changes

319

(11)

Calculating the Change in a Single Price

319

(1)

The Consumer Price Index

319

(1)

Making Consumer Economic Decisions: Shopping for a College

320

(4)

The Determination of the Quantity of Goods and Services and the Price Level

324

(2)

Developing Economic Skills: Using Percentages to Make Comparisons

326

(4)

Inflation and Unemployment

330

(22)

Introduction

330

(1)

After You Study This Chapter, You Will Be Able To

331

(1)

Key Terms

331

(1)

Inflation

332

(7)

What Is Inflation?

332

(1)

How Do We Measure Inflation?

332

(1)

Inflation Can Originate on the Demand Side or the Supply Side of the Economy

332

(2)

Analyzing Primary Sources: The Cause of Inflation Is Not Always Easy to See

334

(1)

The Simple Quantity Theory of Money

335

(2)

Rates of Growth in the Money Supply and the Inflation Rate

337

(1)

The Effects of Inflation

337

(2)

Unemployment

339

(13)

The Unemployment Rate

339

(1)

Frictional Unemployment

340

(1)

Structural Unemployment

340

(1)

Natural Unemployment

341

(1)

U.S. Economic Focus: Unemployment Rates across the States

342

(2)

Cyclical Unemployment

344

(1)

The Unemployment Rate and Aggregate Demand

345

(1)

Developing Economic Skills: Interpreting Editorial Cartoons

346

(6)

Government and the Economy: Fiscal and Monetary Policy

352

(20)

Introduction

352

(1)

After You Study This Chapter, You Will Be Able To

353

(1)

Key Terms

353

(1)

Fiscal Policy

354

(6)

Types of Fiscal Policy

354

(1)

Expansionary Fiscal Policy and Unemployment

354

(1)

The Issue of Crowding Out

355

(1)

Contractionary Fiscal Policy and Inflation

356

(1)

Economics and People: John Maynard Keynes

357

(1)

The Issue of Crowding In

358

(1)

Enterprise Zones: Beyond Fiscal and Monetary Policy

358

(2)

Monetary Policy

360

(4)

Types of Monetary Policy

360

(1)

Expansionary Monetary Policy and Unemployment

360

(1)

Analyzing Primary Sources: Monetary and Fiscal Policies

361

(3)

Contractionary Monetary Policy and Inflation

364

(1)

Stagflation: The Twin Maladies Appear Together

364

(8)

Rising Unemployment and Inflation

365

(1)

How Money Changes Affect the Economy: Output First, Prices Second

366

(1)

Making Consumer Economic Decisions: Fiscal and Monetary Policies and Your Employment

367

(1)

What Causes Stagflation?

368

(1)

Developing Economic Skills: Understanding Economists in the News

369

(3)

Taxes, Deficits, and Debt

372

(24)

Introduction

372

(1)

After You Study This Chapter, You Will Be Able To

373

(1)

Key Terms

373

(1)

Taxes

374

(12)

Types of Taxes

374

(1)

Taxes and Work

375

(1)

Where Does the Money Go?

375

(2)

The National Debt in Perspective

377

(1)

The Budget Process

378

(1)

Analyzing Primary Sources: Government and the Economy

379

(4)

What Is a Fair Share?

383

(1)

Proportional, Progressive, and Regressive Income Taxes

383

(1)

Case Study: Federal Income Taxes

384

(2)

Deficits and Debt

386

(10)

Budgets: Balanced and in Deficit

386

(2)

U.S. Economic Focus: Income Groups and Income Taxes

388

(2)

Budget Deficits Lead to National Debt

390

(1)

The Link Between Budget Deficits Today, the National Debt, and Higher Taxes in the Future

390

(1)

A Constitutional Amendment to Balance the Budget

391

(1)

Developing Economic Skills: Thinking Critically in Economics

392

(4)

UNIT 4 The Global Economy

396

(74)

Economic Growth and Development

398

(20)

Introduction

398

(1)

After You Study This Chapter, You Will Be Able To

399

(1)

Key Terms

399

(1)

Economic Growth

400

(8)

What Is Economic Growth?

400

(1)

The Production Possibilities Frontier Framework

401

(3)

What Factors Affect Growth?

404

(2)

Case Study: Economic Growth and Special Interest Groups

406

(1)

The Rule of 72

407

(1)

Future Economic Growth: Is It Good or Bad?

407

(1)

Economic Development

408

(10)

The Problem of the LDCs

408

(2)

Economics and People: Thomas Malthus

410

(3)

Developing Economic Skills: Applying the Production Possibilities Frontier

413

(5)

International Trade

418

(24)

Introduction

418

(1)

After You Study This Chapter, You Will Be Able To

419

(1)

Key Terms

419

(1)

International Trade

420

(4)

Why Do People in Different Countries Trade with Each Other?

420

(1)

Imports and Exports

420

(1)

The Balance of Trade

421

(1)

Absolute Advantage

421

(2)

Comparative Advantage

423

(1)

The Benefits of Specialization and Trade

424

(1)

Trade Restrictions

424

(11)

Trade Restrictions: Tariffs and Quotas

425

(1)

The U.S. Government and Producer Interests

425

(1)

Making Consumer Economic Decisions: When Your Consuming Interest Is at Odds with Your Producing Interest

426

(1)

Arguments for Trade Restrictions

427

(2)

Analyzing Primary Sources: Free Trade

429

(2)

International Economic Integration

431

(3)

Other International Organizations

434

(1)

The Exchange Rate

435

(7)

What Is the Exchange Rate?

435

(1)

Case Study: Dollar Appreciation and Its Effects on People

436

(1)

Appreciation and Depreciation

437

(1)

Developing Economic Skills: Converting Currency from One Nation's to Another's

438

(4)

Comparative Economic Systems: Past, Present, and Future

442

(28)

Introduction

442

(1)

After You Study This Chapter, You Will Be Able To

443

(1)

Key Terms

443

(1)

Two Visions Shape Two Economic Systems

444

(7)

Economic Systems: How Have They Been Defined and How Many Are There?

444

(1)

Different Visions Shape the Different Economic Systems

444

(1)

What Shall We Call the Two Different Visions?

444

(1)

The Two Visions as They Relate to the Market

445

(1)

Case Study: Traditional Economies

446

(2)

The Two Visions as They Relate to Government

448

(1)

The Two Visions as They Relate to Unintended Consequences and Deliberate Actions

449

(1)

The Two Visions in a Nutshell

450

(1)

An Example of Socialism in the 20th Century

451

(3)

Command-Economy Socialism in the Former Soviet Union

451

(3)

Moving from Socialism to Free Enterprise

454

(4)

The Rise in Prices

454

(1)

The Elimination of Certain Firms and Jobs

454

(1)

Private Property

455

(1)

Infrastructure

455

(1)

Case Study: China and Free Enterprise

456

(1)

Attitude

457

(1)

What's Ahead for the United States?

458

(12)

Industrial Policy, or Not?

459

(1)

Social Responsibility for Training Workers, or Not?

460

(1)

Analyzing Primary Sources: Economists' Differing Views

461

(2)

Lifetime Employment, or Not?

463

(1)

Free Trade and Movement, or Not?

464

(1)

Developing Economic Skills: Comparing International Statistics

465

(5)

UNIT 5 Consumer Economics

470

You, the Consumer

472

(30)

Introduction

472

(1)

After You Study This Chapter, You Will Be Able To

473

(1)

Key Terms

473

(1)

Buying Clothes

474

(1)

Be Aware of Tradeoffs

474

(1)

Different Places to Shop

474

(1)

Can a Person Shop Too Long?

474

(1)

Food

475

(3)

Where to Shop

475

(1)

What to Consider While You're Shopping

476

(2)

Buying Something over the Phone: Telemarketing at Work

478

(3)

Five Things You Should Know about Telemarketing Fraud

478

(1)

Making Consumer Economic Decisions: Beware of Attempts to Cheat Consumers

479

(1)

Beware of Telephone Tactics

480

(1)

Housing

481

(6)

Different Types of Housing

481

(1)

Renting an Apartment

482

(1)

Buying a Single-Family Home

483

(2)

Interest Rates

485

(1)

Two Things to Consider When Taking out a Loan to Buy a House

485

(2)

Buying a Car

487

(4)

The Ins and Outs of Buying a Car

487

(3)

Buying a Used Car

490

(1)

The Rights and Responsibilities of Consumers

491

(4)

Consumer Rights

491

(1)

Consumer Responsibilities

492

(1)

Case Study: Consumers Union and Product Testing

493

(2)

Paying for a College Education

495

(7)

Grants, Loans, and Work Study

495

(2)

Getting Needed Information

497

(1)

Developing Economic Skills: Figuring Your Monthly Car Payments

498

(4)

Developing Personal Economic Skills

502

Introduction

502

(1)

After You Study This Chapter, You Will Be Able To

503

(1)

Key Terms

503

(1)

Budgeting

504

(7)

What Is A Budget?

504

(1)

The Steps to Take in Making a Budget

504

(3)

What a Budget Can and Can't Do

507

(1)

Making Consumer Economic Decisions: Purchasing Major Appliances

508

(3)

Savings and Banks

511

(4)

How to Get in the Habit of Saving

511

(1)

Not All Banks Are Alike

511

(2)

Case Study: Savings, Credit, and the Economy

513

(2)

Investing

515

(2)

Separating Fact from Fiction When It Comes to Buying Stocks

515

(1)

Mutual Funds

516

(1)

How to Choose a Mutual Fund Company

516

(1)

Look for Prompt, Courteous Service

517

(1)

Joining the Work Force

517

(7)

Education, Income, and Unemployment

517

(2)

The Match between Your Abilities, Your Educational Interests, and a Job

519

(1)

The Job and Earnings Outlook

519

(1)

Application Forms, Resumes, and Interviews

520

(4)

Health Insurance

524

(2)

Basic Health Insurance

524

(1)

Major Medical Insurance

525

(1)

Health Maintenance Organizations

525

(1)

Life Insurance

526

(2)

Two Major Types of Life Insurance

526

(1)

Other Types of Life Insurance

527

(1)

Homeowner's and Renter's Insurance

528

(2)

What to Consider When You Buy Homeowner's Insurance

528

(1)

Renter's Insurance

529

(1)

Automobile Insurance

530

The Automobile Insurance Policy

530

(1)

No-Fault Insurance

531

(1)

How Are Automobile Insurance Premiums Determined?

532

(1)

What to Do if You Are in an Automobile Accident

532

(2)

Developing Economic Skills: Building Your Decision-Making Skills

534

The Resource Center

(1)

United States Economic Information

(20)

Map of the United States

U.S. Real GDP

U.S. Real GDP Per Capita, Selected Years

U.S. Money Supply, 1985--1997

Percentage Change in Prices of Selected Goods and Services, 1985--1996

Corporate Profits Before and After Taxes, by Industry, 1994

Federal Budget Deficit, Selected Years

National Debt, Selected Years

U.S. Balance of Trade

Number of Employees in Goods-Producing Business Firms, 1994

Number of Employees in Service-Producing Business Firms, 1994

Number of Employees in Service-Producing and Goods-Producing Business Firms, 1994

Fortune 500, 1997

Money Income of Household-Percent Distribution, by Income Level, in Constant (1995) Dollars, by Group: 1995

Percentage of U.S. Population Living in Poverty, 1995

Median Weekly Earnings, Selected Categories, 1995

Average Annual Earning of Persons, by Education and Sex. 1996

Average Annual Starting Salaries of College Graduates. Selected Fields, 1995

Health Expenditures, Per Capita, Selected Years

Health Expenditures, Total, Selected Years

Gross State Product. 1994

Resident State Population in 1996

Total Personal Income, 1997

State Tax Revenue in 1995

State Individual Income Tax Revenue in 1996

State Sales Tax Revenue in 1996

Persons Not Covered by Health Insurance in 1996

Poverty Rate in 1995

World Economic Information

(7)

Map of the World

Population. Selected Nations

GDP. Selected Nations. 1995

Tax Revenues as a Percentage of GDP, Selected Nations. 1994

Health Expenditures as a Percentage of GDP, Selected Nations, 1995

Cellular Telephones, Daily Newspapers, and Televisions in Selected Nations

U.S. Trade Balance, Selected Trade Partners, 1996 (in millions of dollars)

Where the World's 500 Largest Corporations are Located, Selected Nations, 1995

Hourly Compensation for Production Workers, Selected Countries

Inflation Rate, Selected Countries

A Survey of Careers

(7)

Spanish Equivalents for Important Economic Terms in English

Glossary

(1)

Index


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