Principles of Microeconomics
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Quizlet
Practice vocabulary with these Hawkes' verified Quizlet sets.
Chapter 1
1.1 What Is Economics, and Why Is It Important?
1.2 Economic Theories, Models, and Systems
Chapter 1 Review
Chapter 2
2.1 How Individuals Make Choices Based on Their Budget Constraint
2.2 The Production Possibilities Frontier and Social Choices
2.3 Confronting Objections to the Economic Approach
Chapter 2 Review
Chapter 3
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services
3.2 Shifts in Demand and Supply for Goods and Services
3.4 Price Ceilings and Price Floors
3.5 Demand, Supply, and Efficiency
Chapter 3 Review
Chapter 4
4.2 Demand and Supply in Financial Markets
Chapter 4 Review
Chapter 5
5.1 Price Elasticity of Demand and Price Elasticity of Supply
5.2 Polar Cases of Elasticity and Constant Elasticity
5.4 Elasticity in Areas Other Than Price
Chapter 5 Review
Chapter 6
6.1 Consumption Choices
6.2 How Changes in Income and Prices Affect Consumption Choices
6.3 Behavioral Economics: An Alternative Framework for Consumer Choice
Chapter 6 Review
Chapter 7
7.1 Explicit and Implicit Costs, and Accounting and Economic Profit
7.2 Production in the Short Run
7.3 Costs in the Short Run
7.5 Costs in the Long Run
Chapter 7 Review
Chapter 8
8.1 Perfect Competition and Why It Matters
8.2 How Perfectly Competitive Firms Make Output Decisions
8.3 Entry and Exit Decisions in the Long Run
Chapter 8 Review
Chapter 9
9.1 How Monopolies Form: Barriers to Entry
9.2 How a Profit-Maximizing Monopoly Chooses Output and Price
Chapter 9 Review
Chapter 10
10.1 Monopolistic Competition
10.2 Oligopoly
Chapter 10 Review
Chapter 11
11.1 Corporate Mergers
11.2 Regulating Anticompetitive Behavior
11.3 Regulating Natural Monopolies
Chapter 11 Review
Chapter 12
12.1 The Economics of Pollution
12.3 The Benefits and Costs of U.S. Environmental Laws
12.5 The Tradeoff between Economic Output and Environmental Protection
Chapter 12 Review
Chapter 13
13.1 Why the Private Sector Underinvests in Innovation
13.3 Public Goods
Chapter 13 Review
Chapter 14
14.1 The Theory of Labor Markets
14.3 Market Power on the Supply Side of Labor Markets
14.4 Employment Discrimination
Chapter 14 Review
Chapter 15
15.1 Drawing the Poverty Line
15.3 The Safety Net
15.4 Income Inequality: Measurement and Causes
15.5 Government Policies to Reduce Income Inequality
Chapter 15 Review
Chapter 16
16.1 The Problem of Imperfect Information and Asymmetric Information
16.2 Insurance and Imperfect Information
Chapter 16 Review
Chapter 17
17.1 How Businesses Raise Financial Capital
17.2 How Households Supply Financial Capital
17.3 How to Accumulate Personal Wealth
Chapter 17 Review
Chapter 18
18.2 Special Interest Politics
18.3 Flaws in the Democratic System of Government
Chapter 18 Review
Chapter 19
19.1 Absolute and Comparative Advantage
19.3 Intra-industry Trade between Similar Economies
Chapter 19 Review
Chapter 20
20.1 Protectionism: An Indirect Subsidy from Consumers to Producers
20.3 Arguments in Support of Restricting Imports
20.4 Trade Policy
Chapter 20 Review
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