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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