Test Bank for Microeconomics, 9th Edition, William Boyes Michael Melvin

Test Bank for Microeconomics, 9th Edition, William Boyes, Michael Melvin,

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Part I: INTRODUCTION TO THE PRICE SYSTEM.
1. Economics: The World Around You.
Appendix: working with Graphs.
2. Choice, Opportunity Costs, and Specialization.
3. Markets, Demand and Supply, and the Price System.
4. The Market System and the Private and Public Sectors.
Part II: PRODUCT MARKET BASICS.
5. Elasticity: Demand and Supply.
Appendix: Calculating Elasticity.
6. Consumer Choice.
Appendix: Indifference Analysis.
7. Supply: The Costs of Doing Business.
Appendix: The Mechanics of Going from Production to Costs.
Part III: PRODUCT MARKETS.
8. Profit Maximization.
9. Perfect Competition.
10. Monopoly.
11. Monopolistic Competition and Oligopoly.
12. Antitrust and Regulation.
13. Government and Market Failure.
Part IV: RESOURCE MARKETS.
14. Resource Markets.
15. The Labor Market.
16. Capital Markets.
17. The Land Market and Natural Resources.
Part V: CURRENT ISSUES INVOLVING THE PUBLIC SECTOR AND THE MARKET ECONOMY.
18. Aging, Social Security, and Health Care.
19. Income Distribution, Poverty, and Government Policy.
Part VIII: ISSUES IN INTERNATIONAL TRADE AND FINANCE.
20. World Trade Equilibrium.
21. International Trade Restrictions.
22. Exchange Rates and Financial Links Between Countries.