Microeconomics Canada in the Global Environment, 11th Canadian Edition, By Michael Perkin, Robin Bade (Test Bank )

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The economic way of thinking is a foundational skill for citizenship and career. Every feature of Parkin/Bade helps the student develop this skill, repeatedly using its central ideas of tradeoff; oppo... rtunity cost; the margin; incentives; the gains from voluntary exchange; the forces of demand, supply, and equilibrium; the pursuit of economic rent; and the tension between self-interest and the social interest. What Is Economics? The Economic Problem Demand and Supply Elasticity Efficiency and Equity Government Actions in Markets Global Markets in Action Utility and Demand Possibilities, Preferences, and Choices Output and Costs Perfect Competition Monopoly Monopolistic Competition Oligopoly Externalities Public Goods and Common Resources Markets for Factors of Production Economic Inequality Show Less Show Less [Show More]

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