Microeconomics Canada in the Global Environment Canadian 8th Edition Parkin Test Bank

1. Chapter 1 What is Economics?
2. Introduction: What Is Economics?
3. Definition of Economics
4. Two Big Economic Questions
5. Do Choices Made in the Pursuit of Self-Interest Also Promote the Social Interest?
6. The Economic Way of Thinking
7. Economics as Social Science and Policy Tool
8. Economists in the Economy
9. Economics in the News: The Internet for Everyone
10. Summary
11. Study Plan Problems and Applications
12. Additional Problems and Applications
13. Appendix: Graphs in Economics
14. Appendix: Graphs in Economics
15. Graphing Economic Data
16. Scatter Diagrams
17. Graphs Used in Economic Models
18. Variables That Move in the Same Direction
19. Variables That Move in Opposite Directions
20. Variables That Have a Maximum or a Minimum
21. Variables That Are Unrelated
22. The Slope of a Relationship
23. The Slope of a Straight Line
24. The Slope of a Curved Line
25. Graphing Relationships Among More Than Two Variables
26. Mathematical Note: Equations of Straight Lines
27. Summary
28. Study Plan Problems and Applications
29. Additional Problems and Applications
30. Chapter 2 The Economic Problem
31. Introduction: The Economic Problem
32. Production Possibilities and Opportunity Cost
33. Production Efficiency
34. Using Resources Efficiently
35. Preferences and Marginal Benefit
36. Allocative Efficiency
37. Gains from Trade
38. Achieving the Gains from Trade
39. The Liz–Joe Economy and Its PPF
40. Economic Growth
41. A Nation’s Economic Growth
42. Economic Coordination
43. Economics in the News: Expanding Production Possibilities
44. Worked Problem
45. Summary
46. Study Plan Problems and Applications
47. Additional Problems and Applications
48. Part One: Understanding the scope of Economics
49. Talking With Esther Duflo*
50. Chapter 3: Demand and Supply
51. Introduction: Demand and Supply
52. Markets and Prices
53. Demand
54. Demand Curve and Demand Schedule
55. A Change in Demand
56. A Change in the Quantity Demanded Versus a Change in Demand
57. Supply
58. Supply Curve and Supply Schedule
59. A Change in Supply
60. A Change in the Quantity Supplied Versus a Change in Supply
61. Market Equilibrium
62. Price Adjustments
63. Predicting Changes in Price and Quantity
64. An Increase in Supply
65. Changes in Both Demand and Supply
66. Economics in the News: Demand for and Supply of Hand Sanitizer
67. Mathematical Note: Demand, Supply, and Equilibrium
68. Worked Problem
69. Summary
70. Study Plan Problems and Applications
71. Additional Problems and Applications
72. Chapter 4: Elasticity
73. Introduction: Elasticity
74. Price Elasticity of Demand
75. Calculating Price Elasticity of Demand
76. Inelastic and Elastic Demand
77. The Factors That Influence the Elasticity of Demand
78. Elasticity Along a Linear Demand Curve
79. Total Revenue and Elasticity
80. More Elasticities of Demand
81. Cross Elasticity of Demand
82. Elasticity of Supply
83. The Factors that Influence the Elasticity of Supply
84. Economics in the News: The Elasticity of Supply of Face Masks
85. Worked Problem
86. Summary
87. Study Plan Problems and Applications
88. Additional Problems and Applications
89. Chapter 5: Efficiency and Equity
90. Introduction: Efficiency and Equity
91. Resource Allocation Methods
92. Benefit, Cost, and Surplus
93. Consumer Surplus
94. Supply, Cost, and Minimum Supply-Price
95. Producer Surplus
96. Is the Competitive Market Efficient?
97. Market Failure
98. Alternatives to the Market
99. Is the Competitive Market Fair?
100. It’s Not Fair if the Result Isn’t Fair
101. It’s Not Fair if the Rules Aren’t Fair
102. Case Study: A Generator Shortage in a Natural Disaster
103. Economics in the News: Making Traffic Flow Efficiently
104. Worked Problem
105. Summary
106. Study Plan Problems and Applications
107. Additional Problems and Applications
108. Chapter 6: Government Actions in Markets
109. Introduction: Government Actions in Markets
110. A Housing Market with a Rent Ceiling
111. Inefficiency of a Rent Ceiling
112. Are Rent Ceilings Fair?
113. A Labour Market with a Minimum Wage
114. Is the Minimum Wage Fair?
115. Taxes
116. Equivalence of a Tax on Buyers and Sellers
117. Taxes and Efficiency
118. Tax Incidence and Elasticity of Demand
119. Tax Incidence and Elasticity of Supply
120. Taxes and Fairness
121. Production Quotas and Subsidies
122. Production Quotas
123. Subsidies
124. Markets for Illegal Goods
125. Economics in the News: A Cut in the Minimum Wage
126. Worked Problem
127. Summary
128. Study Plan Problems and Applications
129. Additional Problems and Applications
130. Chapter 7: Global Markets in Action
131. Introduction: Global Markets in Action
132. How Global Markets Work
133. What Drives International Trade?
134. Why Canada Imports T-Shirts
135. Why Canada Exports Aircraft
136. Winners, Losers, and the Net Gain from Trade
137. Gains and Losses from Exports
138. International Trade Restrictions
139. Import Quotas
140. Other Import Barriers
141. The Case Against Protection
142. Penalizes Lax Environmental Standards
143. Why Is International Trade Restricted?
144. Economics in the News: A Trade Deal in Progress
145. Worked Problem
146. Summary
147. Study Plan Problems and Applications
148. Additional Problems and Applications
149. Part Two: Understanding How Markets Work
150. Talking With Susan Athey*
151. Chapter 8: Utility and Demand
152. Introduction: Utility and Demand
153. Consumption Choices
154. Preferences
155. Utility-Maximizing Choice
156. Choosing at the Margin
157. The Power of Marginal Analysis
158. Predictions of Marginal Utility Theory
159. A Rise in the Price of Cola
160. A Rise in Income
161. The Paradox of Value
162. Temperature: An Analogy
163. New Ways of Explaining Consumer Choices
164. Economics in the News: Consumer Choice with Wireless Data Plans
165. Worked Problem
166. Summary
167. Study Plan Problems and Applications
168. Additional Problems and Applications
169. Chapter 9: Possibilities, Preferences, and Choices
170. Introduction: Possiblities, Preferences, and Choices
171. Consumption Possibilities
172. Budget Equation
173. Preferences and Indifference Curves
174. Marginal Rate of Substitution
175. Degree of Substitutability
176. Predicting Consumer Choices
177. A Change in Price
178. A Change in Income
179. Substitution Effect and Income Effect
180. Economics in the News: Inducing Healthy Choices
181. Worked Problem
182. Summary
183. Study Plan Problems and Applications
184. Additional Problems and Applications
185. Part Three: Understanding Households’ Choices
186. Talking with Steven D. Levitt*
187. Chapter 10: Output and Costs
188. Introduction: Output and Costs
189. Economic Cost and Profit
190. A Firm’s Opportunity Cost of Production
191. Economic Accounting: A Summary
192. Short-Run Technology Constraint
193. Total Product Curve
194. Marginal Product Curve
195. Average Product Curve
196. Short-Run Cost
197. Marginal Cost
198. Average Cost
199. Why the Average Total Cost Curve Is U-Shaped
200. Cost Curves and Product Curves
201. Shifts in the Cost Curves
202. Long-Run Cost
203. Short-Run Cost and Long-Run Cost
204. Economies and Diseconomies of Scale
205. Economics in the News: Amazon’s Long-Run Decision
206. Worked Problem
207. Summary
208. Study Plan Problems and Applications
209. Additional Problems and Applications
210. Chapter 11: Perfect Competition
211. Introduction: Perfect Competition
212. What Is Perfect Competition?
213. Economic Profit and Revenue
214. The Firm’s Output Decision
215. Marginal Analysis and the Supply Decision
216. Temporary Shutdown Decision
217. The Firm’s Supply Curve
218. Output, Price, and Profit in the Short Run
219. Short-Run Equilibrium
220. Three Possible Short-Run Outcomes
221. Output, Price, and Profit in the Long Run
222. A Closer Look at Entry
223. A Closer Look at Exit
224. Long-Run Equilibrium
225. Changes in Demand and Supply as Technology Advances
226. Technological Advances Change Supply
227. Competition and Efficiency
228. Economics in the News: Perfect Competition in Hand Sanitizer
229. Worked Problem
230. Summary
231. Study Plan Problems and Applications
232. Additional Problems and Applications
233. Chapter 12: Monopoly
234. Introduction: Monopoly
235. Monopoly and How It Arises
236. Monopoly Price-Setting Strategies
237. A Single-Price Monopoly’s Output and Price Decision
238. Marginal Revenue and Elasticity
239. Price and Output Decision
240. Single-Price Monopoly and Competition Compared
241. Efficiency Comparison
242. Rent Seeking
243. Price Discrimination
244. Two Ways of Price Discriminating
245. Increasing Profit and Producer Surplus
246. A Price-Discriminating Airline
247. Efficiency and Rent Seeking with Price Discrimination
248. Monopoly Regulation
249. Efficient Regulation of a Natural Monopoly
250. Second-Best Regulation of a Natural Monopoly
251. Economics in the News: Is Cineplex Misusing Monopoly Power?
252. Worked Problem
253. Summary
254. Study Plan Problems and Applications
255. Additional Problems and Applications
256. Chapter 13: Monopolistic Competition
257. Introduction: Monopolistic Competition
258. Monopolistic Competition and Other Market Structures
259. Measures of Concentration
260. Limitations of a Concentration Measure
261. Price and Output in Monopolistic Competition
262. Profit Maximizing Might Be Loss Minimizing
263. Long Run: Zero Economic Profit
264. Monopolistic Competition and Perfect Competition
265. Is Monopolistic Competition Efficient?
266. Product Development and Marketing
267. Advertising
268. Using Advertising to Signal Quality
269. Brand Names
270. Economics in the News: Product Differentiation in Bags
271. Worked Problem
272. Summary
273. Study Plan Problems and Applications
274. Additional Problems and Applications
275. Chapter 14: Oligopoly
276. Introduction: Oligopoly
277. What Is Oligopoly?
278. Small Number of Firms
279. Oligopoly Games
280. The Prisoners’ Dilemma
281. An Oligopoly Price-Fixing Game
282. One Firm Cheats on a Collusive Agreement
283. A Game of Chicken
284. Repeated Games and Sequential Games
285. A Sequential Entry Game in a Contestable Market
286. Anti-Combine Law
287. Some Major Anti-Combine Cases
288. Economics in the News: Oligopoly Games in Smartphone Service
289. Worked Problem
290. Summary
291. Study Plan Problems and Applications
292. Additional Problems and Applications
293. Part Four: Understanding Firms and Markets
294. Talking With Thomas Hubbard*
295. Chapter 15: Externalities
296. Introduction: Externalities
297. Externalities in Our Lives
298. Negative Externality: Pollution
299. Establish Property Rights
300. Mandate Clean Technology
301. Tax or Cap and Price Pollution
302. Coping with Global Externalities
303. Positive Externality: Knowledge
304. Government Actions in the Face of External Benefits
305. Vouchers
306. Economics in the News: The Tradeoff Between Health and Income
307. Worked Problem
308. Summary
309. Study Plan Problems and Applications
310. Additional Problems and Applications
311. Chapter 16: Public Goods and Common Resources
312. Introduction: Public Goods and Common Resources
313. Classifying Goods and Resources
314. Public Goods
315. Marginal Social Benefit of a Public Good
316. Efficient Quantity of a Public Good
317. Inefficient Public Overprovision
318. Two Types of Political Equilibrium
319. Why Government Is Large and Growing
320. Voters Strike Back
321. Common Resources
322. The Overuse of a Common Resource
323. Achieving an Efficient Outcome
324. Economics in the News: Developing a Vaccine
325. Worked Problem
326. Summary
327. Study Plan Problems and Applications
328. Additional Problems and Applications
329. Part Five: Understanding Market Failure and Government
330. Talking with Caroline M. Hoxby*
331. Chapter 17: Markets for Factors of Production
332. Introduction: Markets for Factors of Production
333. The Anatomy of Factor Markets
334. The Demand for a Factor of Production
335. A Firm’s Demand for Labour Curve
336. Changes in a Firm’s Demand for Labour
337. Labour Markets
338. A Competitive Labour Market
339. Differences and Trends in Wage Rates
340. A Labour Market with a Union
341. Capital and Natural Resource Markets
342. Capital Rental Markets
343. Land Rental Markets
344. Nonrenewable Natural Resource Markets
345. Economics in the News: The Gig and Sharing Economy
346. Mathematical Note: Present Value and Discounting
347. Worked Problem
348. Summary
349. Study Plan Problems and Applications
350. Additional Problems and Applications
351. Chapter 18: Economic Inequality
352. Introduction: Economic Inequality
353. Measuring Economic Inequality
354. The Income Lorenz Curve
355. The Distribution of Wealth
356. Annual or Lifetime Income and Wealth?
357. Trends in Inequality
358. Poverty
359. Inequality in the World Economy
360. Global Inequality and Its Trends
361. The Sources of Economic Inequality
362. Discrimination
363. Contests Among Superstars
364. Unequal Wealth
365. Income Redistribution
366. The Big Tradeoff
367. Economics in the News: The Impact of COVID-19 on Economic Inequality
368. Worked Problem
369. Summary
370. Study Plan Problems and Applications
371. Additional Problems and Applications
372. Part Six: Understanding Factor Markets and Inequality
373. Talking With Raj Chetty*
374. Glossary
375. Credits
376. List of Boxes

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