Chapter 1: What is Economics?Section 1.1:
Scarcity and the Science of Economics
Section 1.2:
Basic Economic Concepts
Section 1.3:
Economic Choices and Decision Making
Page 28:
Assessment and Activities
Chapter 2: Economic Systems and Decision MakingSection 2.1:
Economic Systems
Section 2.2:
Evaluating Economic Performance
Section 2.3:
American Free Enterprise
Page 56:
Assessment and Activities
Chapter 3: Business OrganizationSection 3.1:
Forms of Business Organization
Section 3.2:
Business Growth and Expansion
Section 3.3:
Nonprofit Organizations
Page 86:
Assessment and Activities
Section 4.1:
What Is Demand?
Section 4.2:
Factors Affecting Demand
Section 4.3:
Elasticity of Demand
Page 112:
Assessment and Activities
Section 5.1:
What is Supply?
Section 5.2:
The Theory of Production
Section 5.3:
Cost, Revenue, and Profit Maximization
Page 140:
Assessment and Activities
Chapter 6: Prices and Decision MakingSection 6.1:
Prices as Signals
Section 6.2:
The Price System at Work
Section 6.3:
Social Goals and Market Efficiency
Page 164:
Assessment and Activities
Chapter 7: Market StructuresSection 7.1:
Competition and Market Structures
Section 7.2:
Market Failures
Section 7.3:
The Role of Government
Page 192:
Assessment and Activities
Chapter 8: Employment, Labor, and WagesSection 8.1:
The Labor Movement
Section 8.2:
Wages and Labor Disputes
Section 8.3:
Employment Trends and Issues
Page 224:
Assessment and Activities
Chapter 9: Sources of Government RevenueSection 9.1:
The Economics of Taxation
Section 9.2:
Federal, State, and Local Revenue Systems
Section 9.3:
Current Tax Issues and Reforms
Page 256:
Assessment and Activities
Chapter 10: Government SpendingSection 10.1:
The Economics of Government Spending
Section 10.2:
Federal, State, and Local Government Expenditures
Section 10.3:
Deficits, Surpluses, and the National Debt
Page 286:
Assessment and Activities
Chapter 11: Financial MarketsSection 11.1:
Savings and the Financial System
Section 11.2:
Financial Assets and Their Markets
Section 11.3:
Investing in Equities and Options
Page 314:
Assessment and Activities
Chapter 12: Macroeconomic PerformanceSection 12.1:
Measuring the Nation's Output and Income
Section 12.2:
Population and Economic Growth
Section 12.3:
Poverty and the Distribution of Income
Page 348:
Assessment and Activities
Chapter 13: Economic InstabilitySection 13.1:
Business Cycles and Fluctuations
Section 13.2:
Inflation
Section 13.3:
Unemployment
Page 378:
Assessment and Activities
Chapter 14: Money, Banking, and the FedSection 14.1:
The Evolution, Functions, and Characteristics of Money
Section 14.2:
The Development of Modern Banking
Section 14.3:
The Federal Reserve System and Monetary Policy
Page 410:
Assessment and Activities
Chapter 15: Economic Stabilization PoliciesSection 15.1:
Macroeconomic Equilibrium
Section 15.2:
Stabilization Policies
Section 15.3:
Economics and Politics
Page 436:
Assessment and Activities
Chapter 16: International TradeSection 16.1:
Absolute and Comparative Advantage
Section 16.2:
Barriers to International Trade
Section 16.3:
Foreign Exchange and Trade Deficits
Page 464:
Assessment and Activities
Chapter 17: Developing CountriesSection 17.1:
Economic Development
Section 17.2:
Achieving Economic Development
Section 17.3:
The Transition to Capitalism
Page 498:
Assessment and Activities
Chapter 18: Global Economic ChallengesSection 18.1:
Globalization: Characteristics and Trends
Section 18.2:
Global Problems anad Economic Incentives
Section 18.3:
Applying the Economic Way of Thinking
Page 526:
Assessment and Activities
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