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| Preface | vii | ||||
| Contents | xv | ||||
| PART ONE Introduction: Scarcity and the Economic System | 1 | (62) | |||
| 3 | (32) | |||
| 35 | (28) | ||||
| PART TWO Microeconomics: Markets, Prices, and the Role of Competition | 63 | (228) | |||
| 65 | (39) | |||
| 104 | (20) | |||
| 124 | (32) | |||
| 156 | (34) | |||
| 190 | (35) | |||
| 225 | (35) | |||
| 260 | (31) | |||
| PART THREE Macroeconomics: The Economy as a Whole | 291 | (184) | |||
| 293 | (33) | |||
| 326 | (30) | |||
| 356 | (28) | |||
| 384 | (35) | |||
| 419 | (26) | |||
| 445 | (30) | |||
| PART FOUR International Economics: Trade, Exchange Rates, and the Balance of Payments | 475 | (64) | |||
| 477 | (33) | |||
| 510 | (29) | |||
| Glossary | 539 | (11) | |||
| Photo Credits | 550 | (1) | |||
| Index | 551 |