Test Bank for Fundamentals of Economics, 6th Edition: William Boyes
Product details:
- ISBN-10 : 1133956106
- ISBN-13 : 978-1133956105
- Author: Dr. William Boyes, Michael Melvin
Designed for the one-term introductory economics course for non-majors, Boyes’s FUNDAMENTALS OF ECONOMICS, Sixth Edition, engages students with business decisions of actual, headline-making companies and discusses the economic policies of today’s world leaders. The Sixth Edition has been thoroughly updated to reflect the current economic condition in the United States and the world and reflects recent events in the Obama administration, especially in regard to healthcare. The supportive pedagogical framework that guides students through each chapter includes Fundamental Questions, which open and organize the chapter by focusing on three to six key issues, and which then reappear both at point of relevance in the margins and in the end-of-chapter Summary sections; Now You Try It checkpoint questions that quiz students on important concepts, with answers provided at the back of the book; Recaps at the end of each major section to break material into manageable segments; and end-of-chapter exercises that serve as self-checks for students and as homework assignment options for instructors. A built-in study guide follows each chapter, and provides a more intensive review opportunity for students, with answers provided in an appendix. Most chapters contain four pages of study material consisting of key term match-ups, multiple-choice quizzes, and practice questions and problems
Table contents:
Ch 1: Economics and the World Around You
Preview
Fundamental Questions
1. Ownership
2. Economic Freedom
3. Scarcity and Opportunity Costs
4. Gains from Trade
Summary
Exercises
Study Guide for Chapter 1
Appendix to Chapter 1: Working with Graphs
1. Reading and Constructing Graphs
Summary
Exercises
Ch 2: Markets and the Market Process
Preview
Fundamental Questions
1. Allocation Mechanisms
2. How Markets Function
3. Demand
4. Supply
5. Equilibrium: Putting Demand and Supply Together
Summary
Exercises
Study Guide for Chapter 2
Ch 3: The Free Market
Prerview
Fundamental Questions
1. The Unfettered Market
2. Market Interventions
Summary
Exercises
Study Guide for Chapter 3
Part 2: Consumers, Firms, and Social Issues
Ch 4: The Firm and the Consumer
Preview
Fundamental Questions
1. Revenue
2. How Does a Firm Learn about Its Demand?
3. Knowing the Customer
4. What’s to Come?
Summary
Exercises
Study Guide for Chapter 4
Ch 5: Costs and Profit Maximization
Preview
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