Description
Test Bank For Principles of Microeconomics 13th edition
PART 1: INTRODUCTION TO ECONOMICS
- The Scope and Method of Economics
- The Economic Problem: Scarcity and Choice
- Demand, Supply, and Market Equilibrium
- Demand and Supply Applications
- Elasticity
PART 2: THE MARKET SYSTEM
- Household Behavior and Consumer Choice
- The Production Process: The Behavior of Profit-Maximizing Firms
- Short-Run Costs and Output Decisions
- Long-Run Costs and Output Decisions
- Input Demand: The Labor and Land Markets
- Input Demand: The Capital Market and the Investment Decision
- General Equilibrium and the Efficiency of Perfect Competition
PART 3: MARKET IMPERFECTIONS AND THE ROLE OF GOVERNMENT
- Monopoly and Antitrust Policy
- Oligopoly
- Monopolistic Competition
- Externalities, Public Goods, and Common Resources
- Uncertainty and Asymmetric Information
- Income Distribution and Poverty
- Public Finance: The Economics of Taxation
PART 4: THE WORLD ECONOMY
- International Trade, Comparative Advantage, and Protectionism
- Economic Growth in Developing Economies
PART 5: METHODOLOGY
- Critical Thinking about Research
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