Principles of Economics 8th Edition Melvin Test Bank

Author: William Boyes

Economics is global and the PRINCIPLES OF ECONOMICS, 8e, International Edition maintains the hallmarks of the Melvin/Boyes series—accessible writing, strong pedagogy, and integration of global economic issues—while faithfully presenting the latest thinking of economists on important microeconomic and macroeconomic phenomena. The authors have carefully integrated their popular pedagogy, cutting-edge teaching and learning technology, and a full range of supplements to create a complete program that clearly illustrates the connections between key economic principles and real-world business practices. The text has also been thoroughly updated with recent data and extensive coverage of important current issues, such as the economic effects of the war in Iraq, the 2008 financial crisis, and China’s emergence as an economic power. In addition, PRINCIPLES OF ECONOMICS, 8e, International Edition provides an in-depth exploration of one of today’s most significant issues—globalization—and its impact on economic growth and poverty, including a comparison of international standards of living and Global Business Insight features that illustrate economic concepts with examples from around the world.

Table contents:
Part I: INTRODUCTION.

1. Ten Principles of Economics.

2. Thinking Like an Economist.

3. Interdependence and the Gains from Trade.

Part II: HOW MARKETS WORK.

4. The Market Forces of Supply and Demand.

5. Elasticity and Its Application.

6. Supply, Demand, and Government Policies.

Part III: MARKETS AND WELFARE.

7. Consumers, Producers, and the Efficiency of Markets.

8. Applications: The Costs of Taxation.

9. Application: International Trade.

Part IV: THE ECONOMICS OF THE PUBLIC SECTOR.

10. Externalities.

11. Public Goods and Common Resources.

12. The Design of the Tax System.

Part V: FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY.

13. The Costs of Production.

14. Firms in Competitive Markets.

15. Monopoly.

16. Monopolistic Competition.

17. Oligopoly.

Part VI: THE ECONOMICS OF THE LABOR MARKET.

18. The Markets for the Factors of Production.

19. Earnings and Discrimination.

20. Income Inequality and Poverty.

Part VII: TOPICS FOR FURTHER STUDY.

21. The Theory of Consumer Choice.

22. Frontiers in Microeconomics.

Part VIII: THE DATA OF MACROECONOMICS.

23. Measuring a Nation’s Income.

24. Measuring the Cost of Living.

Part IX: THE REAL ECONOMY IN THE LONG RUN.

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