ALL 47 CHAPTERS COVERED
SOLUTIONS
MANUAL
Page 1
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
, Table of contents
Chapter 1: Economics: The Study of Opportunity Cost
Chapter 2: Supply and Demand
Chapter 3: The Concept of Elasticity and Consumer and Producer
Surplus
Chapter 4: Firm Production, Cost, and Revenue
Chapter 5: Perfect Competition, Monopoly, and Economic versus
Normal Profit
Chapter 6: Every Macroeconomic Word You Ever Heard: Gross
Domestic Product, Inflation, Unemployment, Recession, and
Depression
Chapter 7: Money, Interest Rates, and Present Value
Chapter 8: Aggregate Demand and Aggregate Supply
Chapter 9: Fiscal Policy
Chapter 10: Monetary Policy
Chapter 11: Federal Spending
Chapter 12: Federal Deficits, Surpluses, and the National Debt
Chapter 13: The Great Recession
Chapter 14: The COVID-19 Recession
Chapter 15: Is Economic Stagnation the New Normal?
Chapter 16: Is the (Fiscal) Sky Falling?: An Examination of
Unfunded Social Security, Medicare, and State and Local Pension
Page 2
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
,Liabilities
Chapter 17: International Trade: Does It Jeopardize American
Jobs?
Chapter 18: International Finance and Exchange Rates
Chapter 19: The European Union, Debt Crisis, and Brexit
Chapter 20: Economic Growth and Development
Chapter 21: Are Trade Agreements Good for Us?
Chapter 22: The Economics of Terrorism
Chapter 23: The Line between Legal and Illegal Goods
Chapter 24: Natural Resources, the Environment, and Climate
Change
Chapter 25: So You Want to Be a Lawyer: Economics and the Law
Chapter 26: The Economics of Crime
Chapter 27: Antitrust
Chapter 28: Health Care
Chapter 29: Government-Provided Health Insurance:
Chapter 30: The Economics of Prescription Drugs and Vaccines
Chapter 31: The Economics of K–12 Education
Chapter 32: College Education: Why Is It So Expensive?
Chapter 33: The Economics of Sex, Race, and Ethnic
Discrimination
Chapter 34: Income and Wealth Inequality: What’s Fair?
Page 3
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
, Chapter 35: Farm Policy
Chapter 36: Minimum Wage
Chapter 37: Rent Control
Chapter 38: Poverty and Welfare
Chapter 39: Head Start
Chapter 40: Social Security
Chapter 41: Personal Income Taxes
Chapter 42: Energy Prices
Chapter 43: If We Build It, Will They Come? And Other Sports
Questions
Chapter 44: The Stock Market and Crashes
Chapter 45: Unions
Chapter 46: The Economics of Big Retail: Walmart and Amazon
Chapter 47: The Economic Impact of Casino and Sports Gambling
Page 4
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
SOLUTIONS
MANUAL
Page 1
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
, Table of contents
Chapter 1: Economics: The Study of Opportunity Cost
Chapter 2: Supply and Demand
Chapter 3: The Concept of Elasticity and Consumer and Producer
Surplus
Chapter 4: Firm Production, Cost, and Revenue
Chapter 5: Perfect Competition, Monopoly, and Economic versus
Normal Profit
Chapter 6: Every Macroeconomic Word You Ever Heard: Gross
Domestic Product, Inflation, Unemployment, Recession, and
Depression
Chapter 7: Money, Interest Rates, and Present Value
Chapter 8: Aggregate Demand and Aggregate Supply
Chapter 9: Fiscal Policy
Chapter 10: Monetary Policy
Chapter 11: Federal Spending
Chapter 12: Federal Deficits, Surpluses, and the National Debt
Chapter 13: The Great Recession
Chapter 14: The COVID-19 Recession
Chapter 15: Is Economic Stagnation the New Normal?
Chapter 16: Is the (Fiscal) Sky Falling?: An Examination of
Unfunded Social Security, Medicare, and State and Local Pension
Page 2
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
,Liabilities
Chapter 17: International Trade: Does It Jeopardize American
Jobs?
Chapter 18: International Finance and Exchange Rates
Chapter 19: The European Union, Debt Crisis, and Brexit
Chapter 20: Economic Growth and Development
Chapter 21: Are Trade Agreements Good for Us?
Chapter 22: The Economics of Terrorism
Chapter 23: The Line between Legal and Illegal Goods
Chapter 24: Natural Resources, the Environment, and Climate
Change
Chapter 25: So You Want to Be a Lawyer: Economics and the Law
Chapter 26: The Economics of Crime
Chapter 27: Antitrust
Chapter 28: Health Care
Chapter 29: Government-Provided Health Insurance:
Chapter 30: The Economics of Prescription Drugs and Vaccines
Chapter 31: The Economics of K–12 Education
Chapter 32: College Education: Why Is It So Expensive?
Chapter 33: The Economics of Sex, Race, and Ethnic
Discrimination
Chapter 34: Income and Wealth Inequality: What’s Fair?
Page 3
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
, Chapter 35: Farm Policy
Chapter 36: Minimum Wage
Chapter 37: Rent Control
Chapter 38: Poverty and Welfare
Chapter 39: Head Start
Chapter 40: Social Security
Chapter 41: Personal Income Taxes
Chapter 42: Energy Prices
Chapter 43: If We Build It, Will They Come? And Other Sports
Questions
Chapter 44: The Stock Market and Crashes
Chapter 45: Unions
Chapter 46: The Economics of Big Retail: Walmart and Amazon
Chapter 47: The Economic Impact of Casino and Sports Gambling
Page 4
© MCGRAW HILL LLC. ALL RIGHTS RESERVED. NO REPRODUCTION OR DISTRIBUTION WITHOUT THE PRIOR
WRITTEN CONSENT OF MCGRAW HILL LLC.
