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Exploring Economics 7th Edition Sexton Test Bank

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Exploring Economics 7th Edition Sexton Test Bank

Product details:

  • ISBN-10 ‏ : ‎ 128585943X
  • ISBN-13 ‏ : ‎ 978-1285859439
  • Author: Robert L. Sexton

Now you can gain a solid understanding of economic principles and how these principles affect your daily life with the unique EXPLORING ECONOMICS, 7E. Rather than a traditional encyclopedic text filled with technical details, this book offers a modern, “back-to-basics” approach designed to promote an understanding and appreciation of economics. The latest edition of this reader-friendly book includes new online learning tools, a visually appealing design, and the latest captivating content to encourage you to read and master the material. Packed with examples from current events and pop culture, EXPLORING ECONOMICS makes economics less intimidating while conveying the real-world relevance of economic principles. Trust EXPLORE ECONOMICS, 7E to instill an interest in economics and an appreciation for its impact in today’s world.

Table contents:

  1. Part 1: Introduction
  2. Ch 1: The Role and Method of Economics
  3. 1.1 Economics: A Brief Introduction
  4. 1.2 Economic Behavior
  5. 1.3 Economic Theories and Models
  6. 1.4 Pitfalls to Avoid in Scientific Thinking
  7. 1.5 Positive Statements and Normative Statements
  8. Interactive Summary
  9. Key Terms and Concepts
  10. Section Quiz Answers
  11. Problems
  12. Appendix: Working with Graphs
  13. Ch 2: Economics: Eight Powerful Ideas
  14. 2.1 IDEA 1: People Face Scarcity and Costly Trade-Offs
  15. 2.2 IDEA 2: People Engage in Rational Decision Making and Marginal Thinking
  16. 2.3 IDEA 3: People Respond Predictably to Changes in Incentives
  17. 2.4 IDEA 4: Specialization and Trade Can Make Everyone Better Off
  18. 2.5 IDEA 5: Markets Can Improve Economic Efficiency
  19. 2.6 IDEA 6: Appropriate Government Policies Can Improve Market Outcomes
  20. 2.7 IDEA 7: Government Policies May Help Stabilize the Economy
  21. 2.8 IDEA 8: Increasing Productivity Leads to Economic Growth
  22. Interactive Summary
  23. Key Terms and Concepts
  24. Section Quiz Answers
  25. Problems
  26. Ch 3: Scarcity, Trade-Offs, and Production Possibilities
  27. 3.1 The Three Economic Questions Every Society Faces
  28. 3.2 The Circular Flow Model
  29. 3.3 The Production Possibilities Curve
  30. 3.4 Economic Growth and the Production Possibilities Curve
  31. Interactive Summary
  32. Key Terms and Concepts
  33. Section Quiz Answers
  34. Problems
  35. Part 2: Supply and Demand
  36. Ch 4: Demand, Supply, and Market Equilibrium
  37. 4.1 Markets
  38. 4.2 Demand
  39. 4.3 Shifts in the Demand Curve
  40. 4.4 Supply
  41. 4.5 Shifts in the Supply Curve
  42. 4.6 Market Equilibrium Price and Quantity
  43. Interactive Summary
  44. Key Terms and Concepts
  45. Section Quiz Answers
  46. Problems
  47. Ch 5: Markets in Motion and Price Controls
  48. 5.1 Changes in Market Equilibrium
  49. 5.2 Price Controls
  50. Interactive Summary
  51. Key Terms and Concepts
  52. Section Quiz Answers
  53. Problems
  54. Ch 6: Elasticities
  55. 6.1 Price Elasticity of Demand
  56. 6.2 Total Revenue and the Price Elasticity of Demand
  57. 6.3 Other Types of Demand Elasticities
  58. 6.4 Price Elasticity of Supply
  59. Interactive Summary
  60. Key Terms and Concepts
  61. Section Quiz Answers
  62. Problems
  63. Part 3: Market Efficiency, Market Failure, and the Public System
  64. Ch 7: Market Efficiency and Welfare
  65. 7.1 Consumer Surplus and Producer Surplus
  66. 7.2 The Welfare Effects of Taxes, Subsidies, and Price Controls
  67. Interactive Summary
  68. Key Terms and Concepts
  69. Section Quiz Answers
  70. Problems
  71. Ch 8: Market Failure
  72. 8.1 Externalities
  73. 8.2 Public Policy and the Environment
  74. 8.3 Property Rights and the Environment
  75. 8.4 Public Goods
  76. 8.5 Asymmetric Information
  77. Interactive Summary
  78. Key Terms and Concepts
  79. Section Quiz Answers
  80. Problems
  81. Ch 9: Public Finance and Public Choice
  82. 9.1 Public Finance: Government Spending and Taxation
  83. 9.2 Public Choice
  84. Interactive Summary
  85. Key Terms and Concepts
  86. Section Quiz Answers
  87. Problems
  88. Part 4: Households and Market Structure
  89. Ch 10: Consumer Choice Theory
  90. 10.1 Consumer Behavior
  91. 10.2 The Consumer’s Choice
  92. 10.3 Behavioral Economics
  93. Interactive Summary
  94. Key Terms and Concepts
  95. Section Quiz Answers
  96. Problems
  97. Appendix: A More Advanced Theory of Consumer Choice
  98. Ch 11: The Firm: Production and Costs
  99. 11.1 Firms and Profits: Total Revenues Minus Total Costs
  100. 11.2 Production in the Short Run
  101. 11.3 Costs in the Short Run
  102. 11.4 The Shape of the Short-Run Cost Curves
  103. 11.5 Cost Curves: Short Run versus Long Run
  104. Interactive Summary
  105. Key Terms and Concepts
  106. Section Quiz Answers
  107. Problems

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