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345 results
Many firms buy health insurance for their workers, but the amounts paid for insurance might otherwise be paid in salary.
2,440 views
6 years ago
This chapter introduces students to the international economy and to globalization. The first part of the chapter emphasizes the ...
39,237 views
People must make choices as they try to attain their goals. The choices people make represent the trade-offs made necessary by ...
10,859 views
7 years ago
Aggregate expenditure, AE, is total spending in the economy: the sum of consumption, planned investment, government ...
3,410 views
3 years ago
In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, that is, production at ...
3,017 views
As you read this chapter and watch the video, you will get acquainted with some key historical figures who founded concepts of ...
14,796 views
In recent years, the demand for healthier food has increased. Many people have begun buying organically grown fruits and ...
8,119 views
In this chapter we begin a deeper look into the economy, what we measure and why it is measured, and where those data can be ...
6,992 views
The most important factor affecting the demand for a product is its price. Other factors that affect demand include income, prices of ...
4,035 views
Barriers high enough to create monopoly can be due to: (1) government blocking the entry of more than one firm into a market; ...
7,729 views
In this chapter we explore the effects of the business cycle in greater detail. We explore how contractions and expansions are ...
4,424 views
In this lecture we will talk in more detail about other ways governments and producers may implement trade barriers. We will ...
7,033 views
This chapter we a fresh approach to the standard aggregate demand and aggregate supply model. There is no good, simple ...
5,190 views
Interest rates and inflation drive a currency's exchange rate: when combined, both signify a country's relative level of economic ...
6,453 views
Consumer behavior shapes how and where we spend our scarce money resources. The items we purchase are sometimes ...
3,982 views
This chapter examines the sources of a nation's industrial comparative advantage by expanding on the concepts we explored in ...
7,755 views
Firms and organizations in developed countries have increased production and reduced costs as they deliver their products and ...
7,964 views
We consider both the forward market and futures market, two very related, but different terms, that you should understand and ...
3,262 views
Monopolistic competition is a market structure in which barriers to entry are low, and many firms compete by selling similar, but not ...
3,601 views
We are going to look closely at some of the market interventions to control prices and costs using political mandates while also ...
5,740 views