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Study Guide for Arnold's Microeconomics



Pub. Date:
Cengage Learning

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Written and updated by the author, this Study Guide includes a list of key concepts and terms, review questions and problems, and short-answer exercises asking "what is wrong?" or "what has been overlooked?" Multiple-choice, true/false, and fill-in-the-blank practice questions are also included. The Study Guide has been updated in accordance with all updates in the core text.

Table of Contents

What Economics Is Aboutp. 1
Production Possibilities Frontier Frameworkp. 11
Supply and Demand: Theoryp. 19
Prices: Free, Controlled, and Relativep. 30
Supply, Demand and Price: Applicationsp. 38
Elasticityp. 47
Consumer Choice: Maximizing Utility and Behavioral Economicsp. 56
Production and Costsp. 64
Perfect Competitionp. 77
Monopolyp. 88
Monopolistic Competition, Oligopoly, and Game Theoryp. 96
Government and Product Markets: Antitrust and Regulationp. 105
Factor Markets: With Emphasis on the Labor Marketp. 114
Wages, Unions, and Laborp. 123
The Distribution of Income and Povertyp. 131
Interest, Rent, and Profitp. 139
Market Failure: Externalities, Public Goods, and Asymmetric Informationp. 148
Public Choice and Special-Interest-Group Politicsp. 157
The Economic Case For and Against Government: Five Topics Consideredp. 164
International Tradep. 170
International Financep. 180
Stocks, Bonds, Futures and Optionsp. 190
WEB CHAPTER Agriculture: Problems, Policies, and Unintended Effectsp. 199
Answer Keyp. 205
Table of Contents provided by Ingram. All Rights Reserved.

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