PART ONE : Introduction to Economics and the Economy1 Limits, Alternatives, and Choices 32 The Market System and the Circular Flow 29PART TWO : Price, Quantity, and Efficiency3 Demand, Supply, and Market Equilibrium 474 Elasticity 755 Market Failures: Public Goods and Externalities 92PART THREE : Microeconomics of Product Markets6 Consumer Behavior 1167 Businesses and the Costs of Production 1408 Pure Competition in the Short Run 1639 Pure Competition in the Long Run 18110 Pure Monopoly 19411 Monopolistic Competition and Oligopoly 21611w Technology, RD, and Efficiency(WEB CHAPTER, www.mcconnell19e.com) 246PART FOUR : Microeconomics of Resource Markets12 The Demand for Resources 24813 Wage Determination 26614 Rent, Interest, and Profit 29315 Natural Resource and Energy Economics 312PART FIVE : Microeconomics of Government16 Public Finance: Expenditures and Taxes 33617 Asymmetric Information, Voting, and Public Choice 357PART SIX : Microeconomic Issues and Policies18 Antitrust Policy and Regulation 37419 Agriculture: Economics and Policy 39120 Income Inequality, Poverty, and Discrimination 41021 Health Care 43322 Immigration 454PART SEVEN : International Economics23 International Trade 47224 The Balance of Payments, Exchange Rates, and Trade Deficits 498