Tài liệu Ten Principles of Economics - Part 66 ppt
Tài liệu Ten Principles of Economics - Part 66 ppt
... purpose of buying domestic
capital and foreign assets.
674 PART ELEVEN THE MACROECONOMICS OF OPEN ECONOMIES
LIMITATIONS OF PURCHASING-POWER PARITY
Purchasing-power parity provides a simple model of ... economists apply the theory of purchasing-power parity to explain ex-
change rates, they need data on the prices of a basket of goods available in dif-
ferent countries. One ana...
Tài liệu Ten Principles of Economics - Part 5 ppt
... various mixes of output
that an economy can produce. It illustrates one of the Ten Principles of Economics in
Chapter 1: People face tradeoffs. Here the farmer faces a tradeoff between produc-
ing meat ... case of babies and mini-
vans. Couples often buy a minivan in anticipation of the birth of a child. The
Violent
Crimes
(per 1,000
people)
Police Officers
(per 1,000 peopl...
Tài liệu Ten Principles of Economics - Part 7 pptx
... sum of all the
individual demands for a particular good or service.
Catherine’s Demand
Price of
Ice-Cream
Cone
Price of
Ice-Cream
Cone
Nicholas’s Demand
0 1 2 3 4 5 6 7 8 9 10 11 12
Quantity of
Ice-Cream ... relationship
between the price of a good and the
quantity demanded
Price of
Ice-Cream
Cone
0
2.50
2.00
1.50
1.00
0.50
1 2 3 4 5 6 7 8 9 10 11
Quantity of
Ice-Cream Cones
$3....
Tài liệu Ten Principles of Economics - Part 10 ppt
... considered a 40 per-
cent fall.
Because the midpoint method gives the same answer regardless of the direc-
tion of change, it is often used when calculating the price elasticity of demand be-
tween two ... together, such as comput-
ers and software. In this case, the cross-price elasticity is negative, indicating that
an increase in the price of computers reduces the quantity of sof...
Tài liệu Ten Principles of Economics - Part 57 pptx
... on labor-force participation.
The labor-force participation rate measures the percentage of the total adult pop-
ulation of the United States that is in the labor force:
Labor-force participation ... Statistics (BLS), which
is part of the Department of Labor. Every month the BLS produces data on unem-
ployment and on other aspects of the labor market, such as types of employment...
Tài liệu Ten Principles of Economics - Part 59 pptx
... has a fifty-fifty chance of hiring the compe-
tent one. By contrast, if the firm offers any lower wage, it is sure to hire the incom-
petent worker.
In many situations in life, in-
formation ... variety of
interesting problems for eco-
nomic theory. Some of these
problems were highlighted in
our description of the theory of
efficiency wages. These prob-
lems, however, go beyond the...
Tài liệu Ten Principles of Economics - Part 62 ppt
... rate.
S
OURCE
: U.S. Department of Treasury;
U.S. Department of Labor.
632 PART TEN MONEY AND PRICES IN THE LONG RUN
THE EFFECTS OF A MONETARY INJECTION
Let’s now consider the effects of a change in ... quantity of money, the
velocity of money, and the dollar
value of the economy’s output of
goods and services
636 PART TEN MONEY AND PRICES IN THE LONG RUN
The price lev...
Tài liệu Ten Principles of Economics - Part 15 ppt
... property of a resource allocation
of maximizing the total surplus
received by all members of society
equity
the fairness of the distribution of
well-being among the members of
society
154 PART THREE ... planner. The benevolent social planner is an
all-knowing, all-powerful, well-intentioned dictator. The planner wants to maxi-
mize the economic well-being of everyone in societ...
Tài liệu Ten Principles of Economics - Part 17 ppt
... THE COSTS OF TAXATION 167
Let’s consider first how the elasticity of supply affects the size of the dead-
weight loss. In the top two panels of Figure 8-5 , the demand curve and the size of
the tax ... that part of the disagree-
ment may rest on different views about the elasticity of labor supply and the
deadweight loss of taxation.
“L
ET ME TELL YOU WHAT
I
THINK ABOUT T...