Test Bank for Principles of Microeconomics 7th Edition by Gottheil

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Test Bank for Principles of Microeconomics 7th Edition by Gottheil

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PART I. THE BASICS OF ECONOMIC ANALYSIS.1. Introduction.2. Production Possibilities and Opportunity Costs.3. Demand and Supply.PART II. INTRODUCTION TO MICROECONOMICS.4. Elasticity.5. Happiness, Utility, and Consumer Choice.6. Price Ceilings and Price Floors.7. Entrepreneurship and Business OwnershipPART III. THE MICROECONOMICS OF PRODUCT MARKETS.8. Costs of Production.9. Maximizing Profit.10. Identifying Markets and Market Structures.11. Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition.12. Price and Output Determination Under Oligopoly.13. Antitrust and Regulation.14. Externalities, Market Failure, and Public Choice.PART IV. THE MICROECONOMICS OF FACTOR MARKETS.15. Wage Rates in Competitive Labor Markets.16. Wages and Employment: Monopsony and Labor Unions.17. Interest, Rent, and Profit.18. Income Distribution and Poverty.PART V. THE WORLD ECONOMY.19. International Trade.20. Exchange Rates, Balance of Payments, and International Debt.21. Economic Problems of Less-Developed Economies.

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