, Test Bank 3
for use with
Microconomics
Twenty-first Edition
By
Campbell R. McConnell
University of Nebraska-Lincoln
Stanley L. Brue
Pacific Lutheran University
and
Sean M. Flynn
Scripps College
Prepared by:
William B. Walstad
University of Nebraska-Lincoln
Elizabeth Breitbach
University of South Carolina
,
, Contents
Preface 25 Immigration....................................517*
26 International Trade.........................782*
1 Limits, Alternatives, and Choices........1
27 The Balance of Payments, Exchange
2 The Market System and the Circular
Rates, and Trade Deficits...............816
Flow.................................................36
28 The Economics of Developing
3 Demand, Supply, and Market
Countries........................................838
Equilibrium......................................54
4 Market Failures: Public Goods and
Externalities.....................................88
5 Government’s Role and Government
Failure............................................115
6 Elasticity..........................................131
7 Utility Maximization........................154
8 Behavior Economics........................179
9 Businesses and the Costs of Production
........................................................190
10 Pure Competition in the Short Run..222
11 Pure Competition in the Long Run. .246
12 Pure Monopoly.................................259
13 Monopolistic Competition...............278
14 Oligopoly and Strategic
Behavior………………….............292
15 Technology, R&D, and Efficiency . 319
16 The Demand for Resources..............342
17 Wage Determination........................374
18 Rent, Interest, and Profit..................401
19 Natural Resource and Energy
Economics......................................419
20 Public Finance: Expenditures and
Taxes..............................................431
21 Antitrust Policy and Regulation.......452
22 Agriculture: Economics and Policy 467
23 Income Inequality, Poverty, and
Discrimination................................486
24 Health Care......................................503
*Note: The page numbering between chapters 5 and 6 are non-sequential, as a result of
the content conversion from the combined Micro/Macro text.
for use with
Microconomics
Twenty-first Edition
By
Campbell R. McConnell
University of Nebraska-Lincoln
Stanley L. Brue
Pacific Lutheran University
and
Sean M. Flynn
Scripps College
Prepared by:
William B. Walstad
University of Nebraska-Lincoln
Elizabeth Breitbach
University of South Carolina
,
, Contents
Preface 25 Immigration....................................517*
26 International Trade.........................782*
1 Limits, Alternatives, and Choices........1
27 The Balance of Payments, Exchange
2 The Market System and the Circular
Rates, and Trade Deficits...............816
Flow.................................................36
28 The Economics of Developing
3 Demand, Supply, and Market
Countries........................................838
Equilibrium......................................54
4 Market Failures: Public Goods and
Externalities.....................................88
5 Government’s Role and Government
Failure............................................115
6 Elasticity..........................................131
7 Utility Maximization........................154
8 Behavior Economics........................179
9 Businesses and the Costs of Production
........................................................190
10 Pure Competition in the Short Run..222
11 Pure Competition in the Long Run. .246
12 Pure Monopoly.................................259
13 Monopolistic Competition...............278
14 Oligopoly and Strategic
Behavior………………….............292
15 Technology, R&D, and Efficiency . 319
16 The Demand for Resources..............342
17 Wage Determination........................374
18 Rent, Interest, and Profit..................401
19 Natural Resource and Energy
Economics......................................419
20 Public Finance: Expenditures and
Taxes..............................................431
21 Antitrust Policy and Regulation.......452
22 Agriculture: Economics and Policy 467
23 Income Inequality, Poverty, and
Discrimination................................486
24 Health Care......................................503
*Note: The page numbering between chapters 5 and 6 are non-sequential, as a result of
the content conversion from the combined Micro/Macro text.
