Economics Today: The Micro View (17th Edition)
Format: PDF / Kindle (mobi) / ePub
Written for students taking the principles of economics course. By presenting ideas clearly, at an accessible level, and in the context of newsworthy applications, Economics Today: The Macro View is also a valuable resource for professionals seeking a current, real-world introduction to economics.¿ ¿
Economics Today —Bringing the Real World to Your Students
Students learn best when they see concepts applied to examples from their everyday lives. This new edition of Economics Today: The Micro View covers leading-edge issues while lowering barriers to student learning. The text relentlessly pursues the fundamental objective of showing students how economics is front and center in their own lives while providing them with many ways to evaluate their understanding of key concepts covered in each chapter.
Each chapter begins and ends with an Issues and Applications feature, which introduces a timely issue in the chapter opener and analyzes the issue using the economic tools learned in that chapter at the end. This text is also available with MyEconLab®, which includes assessment questions that tie to these Issues and Applications, as well as ABC News video clips. With MyEconLab, students can continue working problems online and receive personalized tutorial resources. Visit MyEconLab for more information.
Note: If you are purchasing the standalone text (ISBN: 0132948885) or electronic version, MyEconLab does not come automatically packaged with the text. To purchase MyEconLab, please visit: www.myeconlab.com or you can purchase a package of the physical text + MyEconLab by searching the Pearson Higher Education web site. MyEconLab is not a self-paced technology and should only be purchased when required by an instructor.
studied more hours in the weeks preceding the exam. APPENDIX A ■ Reading and Working with Graphs A-2. For each of the following items, state whether a direct or an inverse relationship is likely to exist. a. The number of hours you study for an exam and your exam score b. The price of pizza and the quantity purchased c. The number of games the university basketball team won last year and the number of season tickets sold this year A-3. Review Figure A-4 on page 19, and then state whether each
under study. Why Not . . . F S 20 30 40 50 Netbooks (millions per year) 60 Technology Society’s pool of applied knowledge concerning how goods and services can be produced. provide “free” health care to everyone in the United States? The production of any good or service requires the allocation of resources that otherwise could be used to produce other goods and services given the available technology.Thus, additional health care services can be provided only by incurring an opportunity
examined a recent time switch. Indiana, which previously had kept its clocks unchanged throughout the year, switched to daylight saving time in 2006. Kotchen and Grant found that, consistent with Benjamin Franklin’s prediction, Indiana residents saved from decreasing their use of electric lights. Nevertheless, today air-conditioning use also affects the energy-use trade-off associated with daylight saving time versus standard time. Households and businesses in Indiana made greater use of their
participation rates between high school students entering four-year universities and those entering two-year universities? Using the concept of opportunity cost, explain the difference. 3. What is the difference in labor force participation rates between part-time college students and full-time college students? Using the concept of opportunity cost, explain the difference. CHAPTER 2 ■ Scarcity and the World of Trade-Offs For Group Study and Analysis Read the last paragraph of the article.
products amounts to about 25 percent of the annual market value of all U.S. farm production. The government seeks to cap the annual subsidy payment that an individual farmer can receive at $360,000 per year, but some farmers are able to garner higher annual amounts by exploiting regulatory loopholes. The greatest share of total agricultural subsidies goes to the owners of the largest farming operations. At present, 10 percent of U.S. farmers receive more than 70 percent of agricultural subsidies.