Test Bank for Microeconomics 12th Edition by Roger Arnold – Ebook PDF Instant Download/Delivery: 1305446281, 9781305446281
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ISBN 10: 1305446281
ISBN 13: 9781305446281
Author: Roger Arnold
Today’s economy may be tough, but economics doesn’t have to be. Let Roger Arnold’s MICROECONOMICS, 12E open up the world of economic analysis. With more detailed coverage of the financial and economic crisis than any other principles text on the market, this inviting book offers innovative and engaging learning features and easy customization. The author weaves memorable examples from pop culture throughout this edition and bolsters reader interest by illustrating the unexpected places microeconomics occur. Readers see how economic forces link to every day events and form an important part of life 24/7. Coverage of the latest microeconomic developments and new content reflect today’s changing economy and equip readers with a thorough understanding of contemporary microeconomics.
Microeconomics 12th Table of contents:
Part 1: Economics: The Science of Scarcity
Ch 1: What Economics is About
1-1 Your Life, 2016-2026
1-2 A Definition of Economics
1-3 Key Concepts in Economics
1-4 The Market and Government
1-5 Ceteris Paribus and Theory
1-6 Economic Categories
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Appendix A: Working with Diagrams
Appendix B: Should You Major in Economics?
Ch 2: Production Possibilities Frontier Framework
2-1 The Production Possibilities Frontier
2-2 Specialization and Trade Can Move Us beyond Our PPF
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 3: Supply and Demand: Theory
3-1 What is Demand?
3-2 Supply
3-3 The Market: Putting Supply and Demand Together
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 4: Prices: Free, Controlled, and Relative
4-1 Price
4-2 Price Controls
4-3 Two Prices: Absolute and Relative
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 5: Supply, Demand, and Price: Applications
5-1 Application 1: Tickets to The Big Bang Theory
5-2 Application 2: Easier-to-Obtain Loans and Higher Housing Prices
5-3 Application 3: The Price of an Aisle Seat
5-4 Application 4: What Will Happen to the Price of Marijuana if the Purchase and Sale of Marijuana
5-5 Application 5: Speculators, Price Variability, and Patterns
5-6 Application 6: Why is Medical Care So Expensive?
5-7 Application 7: Why Do Colleges Use GPAs, ACTs, and SATs for Purposes of Admission?
5-8 Application 8: Supply and Demand on a Freeway
5-9 Application 9: Are Renters Better Off?
5-10 Application 10: Do You Pay for Good Weather?
5-11 Application 11: College Superathletes
5-12 Application 12: 10 a.m. Classes in College
5-13 Application 13: Salsa, Chips, and Beer
Chapter Summary
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Part 2: Microeconomic Fundamentals
Ch 6: Elasticity
6-1 Elasticity: Part 1
6-2 Elasticity: Part 2
6-3 Other Elasticity Concepts
6-4 The Relationship between Taxes and Elasticity
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 7: Consumer Choice: Maximizing Utility and Behavioral Economics
7-1 Utility Theory
7-2 Consumer Equilibrium and Demand
7-3 Behavioral Economics
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Appendix C: Budget Constraint and Indifference Curve Analysis
Ch 8: Production and Costs
8-1 Why Firms Exist
8-2 Two Sides to Every Business Firm
8-3 Production
8-4 Costs of Production: Total, Average, Marginal
8-5 Production and Costs in the Long Run
8-6 Shifts in Cost Curves
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Part 3: Product Markets and Policies
Ch 9: Perfect Competition
9-1 The Theory of Perfect Competition
9-2 Perfect Competition in the Short Run
9-3 Perfect Competition in the Long Run
9-4 Topics for Analysis in the Theory of Perfect Competition
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 10: Monopoly
10-1 The Theory of Monopoly
10-2 Monopoly Pricing and Output Decisions
10-3 Perfect Competition and Monopoly
10-4 The Case against Monopoly
10-5 Price Discrimination
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 11: Monopolistic Competition, Oligopoly, and Game Theory
11-1 The Theory of Monopolistic Competition
11-2 Oligopoly: Assumptions and Real-World Behavior
11-3 Price and Output under the Cartel Theory
11-4 Game Theory, Oligopoly, and Contestable Markets
11-5 A Review of Market Structures
11-6 Applications of Game Theory
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 12: Government and Product Markets: Antitrust and Regulation
12-1 Antitrust
12-2 Regulation
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Part 4: Factor Markets and Related Issues
Ch 13: Factor Markets: With Emphasis on the Labor Market
13-1 Factor Markets
13-2 The Labor Market
13-3 Labor Markets and Information
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 14: Wages, Unions, and Labor
14-1 Objectives of Labor Unions
14-2 Practices of Labor Unions
14-3 Effects of Labor Unions
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 15: The Distribution of Income and Poverty
15-1 Some Facts about Income Distribution
15-2 Measuring Income Equality
15-3 Why Income Inequality Exists
15-4 Poverty
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 16: Interest, Rent, and Profit
16-1 Interest
16-2 Rent
16-3 Profit
16-4 The Entrepreneur
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Part 5: Market Failure, Public Choice, and Special-Interest-Group Politics
Ch 17: Market Failure: Externalities, Public Goods, and Asymmetric Information
17-1 Externalities
17-2 Internalizing Externalities
17-3 Environmental Policy
17-4 Public Goods: Excludable and Nonexcludable
17-5 Asymmetric Information
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 18: Public Choice and Special-Interest Group Politics
18-1 Public Choice Theory
18-2 The Political Market
18-3 Voters and Rational Ignorance
18-4 More about Voting
18-5 Special-Interest Groups
18-6 Constitutional Economics
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Part 6: Economics Theory-Building and Everyday Life
Ch 19: Building Theories to Explain Everyday Life: From Observations to Questions to Theories to Pre
19-1 A Different Kind of Chapter
19-2 The Process
19-3 Observation/Thought 1: The Birthrates in Various Countries are Different
19-4 Observation/Thought 2: The Ethical Code of People Who Live in a Small Town is Different from Th
19-5 Observation/Thought 3: The Closer the Dollar Tuition the Student Pays is to the Equilibrium Tui
19-6 Observation/Thought 4: Criminals are Not Rational
19-7 Observation/Thought 5: More Students Wear Baseball Caps in Class on Exam Days Than on Other Day
19-8 Observation/Thought 6: Houses in “Good” School Districts are Often More Expensive Than Comparab
19-9 Observation/Thought 7: Are People Better off with Or without Health Care Vouchers?
19-10 Observation/Thought 8: People Who Give to Others Often Complain That They End Up Giving Too Mu
Chapter Summary
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Part 7: International Economics and Globlization
Ch 20: International Trade
20-1 International Trade Theory
20-2 Trade Restrictions
Chapter Summary
Key Terms and Concepts
Video Questions and Problems
Questions and Problems
Working with Numbers and Graphs
Ch 21: International Finance
21-1 The Foreign Exchange Market
21-2 Flexible Exchange Rates
21-3 Fixed Exchange Rates
21-4 Fixed Exchange Rates versus Flexible Exchange Rates
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Tags: Roger Arnold, Microeconomics