Study Guide for Boyes/Melvin’s Microeconomics

by Boyes, William; Melvin, Michael

• ISBN13: 9780538753890
• ISBN10: 0538753897
• Edition: 8th
• Format: Paperback
• Copyright: 2010-03-08
• Publisher: South-Western College Pub

Summary

The Study Guide includes numerous multiple-choice, true/false, and discussion questions to help students self-test their knowledge of each chapter, with answers and short explanations for most questions provided in the back of the Coursebook. Each chapter also contains problem and project exercises designed to improve the student's knowledge of the mechanics.

Table of Contents

Economics: The World Around You	p. 1
Choice, Opportunity Costs, and Specialization	p. 17
Markets, Demand and Supply, and the Price System	p. 33
The Market System and the Private and Public Sectors	p. 71
Elasticity: Demand and Supply	p. 83
Consumer Choice	p. 97
Supply: The Costs of Doing Business	p. 127
Profit Maximization	p. 143
Perfect Competition	p. 159
Monopoly	p. 183
Monopolistic Competition and Oligopoly	p. 199
Antitrust and Regulation	p. 215
Government and Market Failures	p. 225
Resource Markets	p. 241
The Labor Market	p. 259
Capital Markets	p. 275
The Land Market and Natural Resources	p. 287
Aging, Social Security, and Health Care	p. 297
Income Distribution, Poverty, and Government Policy	p. 309
World Trade Equilibrium	p. 323
International Trade Restrictions	p. 343
Exchange Rates and Financial Links Between Countries	p. 357
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