PRINCIPLES OF ECONOMICS phần 2 docx

... of second order at his com- mand. In this case, even command of all the goods of third order required for the production of a single good of second 60 Principles of Economics 48 Principles of ... Roscher are given in 40 Principles of Economics terms of the Modern Library edition of the Wealth of Nations, the Gonner edition of Ricardo’s Principles, and the t...

Ngày tải lên: 09/08/2014, 19:22

... satisfaction of but one of these needs. Although the manner, and the degree of completeness, of sat- isfaction of the needs of men can display an almost unlimited 74 Principles of Economics often appear ... degree of com- pleteness of their knowledge of the elements of the causal process of production, and upon the greater or less degree of control they can exer...

Ngày tải lên: 09/08/2014, 19:22

... task. The field of economics is based on a few basic ideas that can be applied in many dif- ferent situations. Throughout this book we will refer back to the Ten Principles of Economics highlighted ... analysis is built using the ten principles introduced here. Table 1-1 T EN P RINCIPLES OF E CONOMICS H OW P EOPLE #1: People Face Tradeoffs M AKE D ECISIONS #2: The Cost of Som...

Ngày tải lên: 08/11/2013, 00:15

... ceiling of $2. Because the price ceiling is below the equilibrium price of $3, the market price equals $2. At this price, 125 cones are demanded and only 75 are supplied, so there is a shortage of ... Is Not Binding Quantity of Gasoline 0 Price of Gasoline (b) The Price Ceiling on Gasoline Is Binding P 2 P 1 Quantity of Gasoline 0 Price of Gasoline Q 1 Q D Demand S 1 S 2 Pri...

Ngày tải lên: 15/12/2013, 11:15

... Close Net Chg 26 3 / 16 12 7 / 8 75 7 / 16 22 1 / 2 23 7 / 16 6 7 / 8 47 5 / 16 9 3 / 4 CslFnl Coastcast CocaCola CCFemsa ADR TOPrS PAR KO KOF 2. 09 .64 .12e 8.6 1.3 .9 17 40 59 171 39384 21 21 24 1 / 4 11 3 / 8 51 ... to the profits that the firm makes. For example, if Intel sells a total of 1,000,000 shares of stock, then each share represents owner- ship of 1/1,000,...

Ngày tải lên: 15/12/2013, 11:15

... measures of valuation, the ratio of a stock’s price to its earnings per share, P/E, is close to an all-time high. The P/E of the average stock on the Dow is 22 .5, meaning that it costs $22 .50 to ... looked at every 20 -year holding period from 18 02 to 19 92 and found that the worst real return for stocks was an annual av- erage of 1 .2 percent and the best was an annual averag...

Ngày tải lên: 15/12/2013, 11:15

... deadweight loss of the tariff is the sum of these two triangles. THE EFFECTS OF AN IMPORT QUOTA The Isolandian economists next consider the effects of an import quota—a limit on the quantity of imports. ... servants, Isolandian economics team QUICK QUIZ: Draw the supply and demand curve for wool suits in the country of Autarka. When trade is allowed, the price of a suit falls...

Ngày tải lên: 24/12/2013, 17:15

... P 1 to P 2 , increasing money de- mand from MD 1 to MD 2 and raising the interest rate from r 1 to r 2 , the quantity of goods and services demanded falls from Y 1 to Y 2 . Quantity of Money Quantity ... Figure 32- 1, the money-demand curve slopes downward. Quantity of Money Interest Rate Equilibrium interest rate 0 Money demand Quantity fixed by the Fed Money supply r 1 r 2 M...

Ngày tải lên: 24/12/2013, 17:15

... INCOME OF TAX OF INCOME $ 50,000 $ 12, 500 25 % $15,000 30% $10,000 20 % 100,000 25 ,000 25 25 ,000 25 25 ,000 25 20 0,000 50,000 25 40,000 20 60,000 30 THREE T AX SYSTEMS proportional tax a tax for which ... 554 12 Corporate income taxes 32 121 3 From federal government 23 5 887 19 Other 351 1, 324 29 Total $1 ,22 3 $4,615 100% SOURCE: Economic Report of the President,...

Ngày tải lên: 21/01/2014, 23:20