Description
Test Bank for Exploring Economics 8th Edition Sexton
Downloadable Instructor Test Bank for Exploring Economics 8th Edition By Robert L. Sexton, ISBN: 9781544363356, ISBN: 9781544336329
Table Of Content
1.1 Economics: A Brief Introduction
1.2 Economic Behavior
1.3 Economic Theories and Models
1.4 Pitfalls to Avoid in Scientific Thinking
1.5 Positive Statements and Normative Statements
2.1 Idea 1: People Face Scarcity and Costly Trade-Offs
2.2 Idea 2: People Engage in Rational Decision Making and Marginal Thinking
2.3 Idea 3: People Respond Predictably to Changes in Incentives
2.4 Idea 4: Specialization and Trade Can Make People Better Off
2.5 Idea 5: Markets Can Improve Economic Efficiency
2.6 Idea 6: Appropriate Government Policies Can Improve Market Outcomes
2.7 Idea 7: Government Policies May Help Stabilize the Economy
2.8 Idea 8: Increasing Productivity Leads to Economic Growth
3.1 The Three Economic Questions Every Society Faces
3.2 The Circular Flow Model
3.3 The Production Possibilities Curve
3.4 Economic Growth and the Production Possibilities Curve
4.1 Markets
4.2 Demand
4.3 Shifts in the Demand Curve
4.4 Supply
4.5 Shifts in the Supply Curve
4.6 Market Equilibrium Price and Quantity
5.1 Changes in Market Equilibrium
5.2 Price Controls
6.1 Price Elasticity of Demand
6.2 Total Revenue and the Price Elasticity of Demand
6.3 Other Types of Demand Elasticities
6.4 Price Elasticity of Supply
7.1 Consumer Surplus and Producer Surplus
7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls
8.1 Externalities
8.2 Public Policy and the Environment
8.3 Property Rights and the Environment
8.4 Public Goods
8.5 Asymmetric Information
9.1 Public Finance: Government Spending and Taxation
9.2 Public Choice
10.1 Consumer Behavior
10.2 The Consumer’s Choice
10.3 Behavioral Economics
11.1 Firms and Profits: Total Revenues Minus Total Costs
11.2 Production in the Short Run
11.3 Costs in the Short Run
11.4 The Shape of the Short-Run Cost Curves
11.5 Cost Curves: Short Run versus Long Run
12.1 A Perfectly Competitive Market
12.2 An Individual Price Taker’s Demand Curve
12.3 Profit Maximization
12.4 Short-Run Profits and Losses
12.5 Long-Run Equilibrium
12.6 Long-Run Supply
13.1 Monopoly: The Price Maker
13.2 Demand and Marginal Revenue in Monopoly
13.3 The Monopolist’s Equilibrium
13.4 Monopoly and Welfare Loss
13.5 Monopoly Policy
13.6 Price Discrimination and Peak Load Pricing
14.1 Monopolistic Competition
14.2 Price and Output Determination in Monopolistic Competition
14.3 Monopolistic Competition versus Perfect Competition
14.4 Advertising
15.1 Oligopoly
15.2 Collusion and Cartels
15.3 Other Oligopoly Models
15.4 Game Theory and Strategic Behavior
16.1 Input Markets
16.2 Supply and Demand in the Labor Market
16.3 Labor Market Equilibrium
16.4 Labor Unions
16.5 The Markets for Land and Capital
17.1 Income Distribution
17.2 Income Redistribution
17.3 The Economics of Discrimination
17.4 Poverty
17.5 Health Care
18.1 Macroeconomic Goals
18.2 Employment and Unemployment
18.3 Types of Unemployment
18.4 Reasons for Unemployment
18.5 Inflation
18.6 Economic Fluctuations
19.1 National Income Accounting: A Standardized Way to Measure Economic Performance
19.2 Measuring Total Production
19.3 Other Measure of Total Production and Total Income
19.4 Problems in Calculating an Accurate GDP
19.5 Problems with GDP as a Measure of Economic Welfare
20.1 Economic Growth
20.2 Determinants of Economic Growth
20.3 Public Policy and Economic Growth
20.4 Population and Economic Growth
21.1 Financial Institutions and Intermediaries
21.2 Saving, Investment, and the Financial System
21.3 The Financial Crisis of 2008
22.1 The Determinants of Aggregate Demand
22.2 The Aggregate Demand Curve
22.3 Shifts in the Aggregate Demand Curve
22.4 The Aggregate Supply Curve
22.5 Shifts in the Aggregate Supply Curve
22.6 Macroeconomic Equilibrium: The Short Run and the Long Run
23.1 The Simple Aggregate Expenditure Model
23.2 Finding Equilibrium in the Aggregate Expenditure Model
23.3 Adding Investment, Government Purchases, and Net Exports
23.4 Shifts in Aggregate Expenditure and the Multiplier
23.5 From Aggregate Expenditures to Aggregate Demand
24.1 Fiscal Policy
24.2 Fiscal Policy and the AD/AS Model
24.3 The Multiplier Effect
24.4 Supply-Side Effects of Tax Cuts
24.5 Possible Obstacles to Effective Fiscal Policy
24.6 Automatic Stabilizers
24.7 The National Debt
25.1 What is Money?
25.2 Measuring Money
25.3 How Banks Create Money
25.4 The Money Multiplier
25.5 The Federal Reserve System
25.6 How Does the Federal Reserve Change the Money Supply?
25.7 Bank Failures
26.1 Money, Interest Rates, and Aggregate Demand
26.2 Expansionary and Contractionary Monetary Policy
26.3 Money and Inflation–The Long Run
26.4 Problems in Implementing Monetary and Fiscal Policy
27.1 The Phillips Curve
27.2 The Phillips Curve over Time
27.3 Rational Expectations
27.4 Controversies in Macroeconomic Policy
28.1 The Growth in World Trade
28.2 Comparative Advantage and Gains from Trade
28.3 Supply and Demand in International Trade
28.4 Tariffs, Import Quotas, and Subsidies
29.1 The Balance of Payments
29.2 Exchange Rates
29.3 Equilibrium Changes in the Foreign Exchange Market
