Test Bank for Economics, 13th Edition, Michael Parkin

Test Bank for Economics, 13th Edition, Michael Parkin

Table of Contents

PART I: INTRODUCTION

1. What is Economics?

2. The Economic Problem

PART II: HOW MARKETS WORK

3. Demand and Supply

4. Elasticity

5. Efficiency And Equity

6. Government Actions in Markets

7. Global markets in Action

PART III: HOUSEHOLDS’ CHOICES

8. Utility and Demand

9. Possibilities, Preferences, and Choices

PART IV: FIRMS AND MARKETS

10. Organizing Production

11. Output and Costs

12. Perfect Competition

13. Monopoly

14. Monopolistic Competition

15. Oligopoly

PART V: MARKET FAILURE AND GOVERNMENT

16. Public Choices, Public Goods, and Healthcare

17. Externalities

PART VI: FACTOR MARKETS, INEQUALITY, AND UNCERTAINTY

18. Markets for Factors of Production

19. Economic Inequality

20. Uncertainty and Information

PART VII: MONITORING MACROECONOMIC PERFORMANCE

21. Monitoring the Value of Production: GDP

22. Monitoring Jobs and Inflation

PART VIII: MACROECONOMIC TRENDS

23. Economic Growth

24. Finance, Saving, and Investment

25. Money, the Price Level, and Inflation

26. The Exchange Rate and the Balance of Payments

PART IX: MACROECONOMIC FLUCTUATIONS

27. Aggregate Supply and Aggregate Demand

28. Expenditure Multipliers

29. The Business Cycle, Inflation, and Deflation

PART X: MACROECONOMIC POLICY

30. Fiscal Policy

31. Monetary Policy