Microeconomic Issues Today: Alternative ApproachesThis new updated edition covers seven current microeconomic issues, including agriculture, consumer welfare, the environment, competition, deregulation, income distribution, and fair taxation. The seventh edition has been updated to include current economic data, and an instructor's manual with a test bank and discussion questions is available to professors who adopt this book. In addition, PowerPoint downloads are available as teaching aids. |
Contents
A Survey | 5 |
Figures | 18 |
Problems in the Marketplace | 33 |
Tables | 48 |
Is the Consumer Sovereign | 57 |
How Can We Save | 73 |
Is Big Business a Threat | 90 |
Has Deregulation Worked? | 110 |
How Successful Will | 131 |
What Is a Fair System | 157 |
Conclusion | 177 |
| 184 | |
Common terms and phrases
acid rain action Adam Smith Ameri American agriculture American farm antipollution antitrust auto benefits big business capital capitalist cartel competition conglomerate mergers Conrail CONSERVATIVE ARGUMENT Conservatives consumer protection consumer sovereignty consumption corporations costs created debate demand deregulation dollars earnings economists effects efficient efforts emissions taxes employment enterprises environmental fact failure farmers federal income tax firms flat tax free market giant government intervention greater higher ideological income tax system increase individual industry inequality investment issues labor market failures Meanwhile ment mergers million Milton Friedman monopolistic monopoly power Moreover nation nomic operations output percent political pollution poor poverty rates price discrimination problem production production-for-profit profits programs progressive tax public interest public policy railroads Reagan reduce regulation regulatory agency result safety savings sector social society strategy subsidies tax rates taxpayers tion tive wages workers workfare York