Test bank for Principles of Microeconomics 7th Edition by N. Gregory Mankiw

Test bank for Principles of Microeconomics 7th Edition by N. Gregory Mankiw

Test bank for Principles of Microeconomics 7th Edition by N. Gregory Mankiw

With its clear and engaging writing style, PRINCIPLES OF MICROECONOMICS, Seventh Edition, continues to be one of the most popular books on economics available today. Mankiw emphasizes material that you are likely to find interesting about the economy (particularly if you are studying economics for the first time), including real-life scenarios, useful facts, and the many ways economic concepts play a role in the decisions you make every day.

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1. Chapter 1: Ten Principles of Economics
2. 1-1: How People Make Decisions
3. 1-1a: Principle #1: People Face Tradeoffs
4. 1-1b: Principle #2: The Cost of Something Is What You Give Up to Get It
5. 1-1c: Principle #3: Rational People Think at the Margin
6. 1-1d: Principle #4: People Respond to Incentives
7. 1-2: How People Interact
8. 1-2a: Principle #5: Trade Can Make Everyone Better Off
9. 1-2b: Principle #6: Markets Are Usually a Good Way to Organize Economic Activity
10. 1-2c: Principle #7: Governments Can Sometimes Improve Market Outcomes
11. 1-3: How the Economy as a Whole Works
12. 1-3a: Principle #8: A Country’s Standard of Living Depends on Its Ability to Produce Goods and Ser
13. 1-3b: Principle #9: Prices Rise When the Government Prints Too Much Money
14. 1-3c: Principle #10: Society Faces a Short-Run Tradeoff between Inflation and Unemployment
15. 1-4: Conclusion
16. Summary

Test bank for Principles of Microeconomics 7th Edition by N. Gregory Mankiw