Essenal Foundaons - of Economics 9e Robin Bade, Michael Parkin (Sol...

Essen�al Founda�ons of Economics 9e Robin Bade, Michael Parkin (Solu�ons Manual All Chapters, 100% Original Verified, A+ Grade) 1 / 4

© 2021 Pearson Education, Inc.

Table of Contents

Preface Your Complete Learning Package v  Part 1 Introduction Chapter 1 Getting Started 1

Appendix: Making and Using Graphs 11

Chapter 2 The U.S. and Global Economies 17 Chapter 3 The Economic Problem 29 Chapter 4 Demand and Supply 39  Part 2 A Closer Look at Markets Chapter 5 Elasticities of Demand and Supply 49 Chapter 6 Efficiency and Fairness of Markets 59 Chapter 7 Government Actions in Markets 71 Chapter 8 Global Markets in Action 85

Chapter 9 Externalities: Pollution, Education, and Health Care 97

 Part 3 Prices, Profits, and Industry Performance Chapter 10 Production and Cost 107 Chapter 11 Perfect Competition 117 Chapter 12 Monopoly 131 Chapter 13 Monopolistic Competition and Oligopoly 143  Part 4 Monitoring the Macroeconomy

Chapter 14 GDP: A Measure of Total Production and Income 155

Appendix: Measuring Real GDP 165

Chapter 15 Jobs and Unemployment 169 Chapter 16 The CPI and the Cost of Living 179  Part 5 Understanding the Macroeconomy Chapter 17 Potential GDP and Economic Growth 189 Chapter 18 Money and Inflation 201 Chapter 19 Aggregate Supply and Aggregate Demand 213 Chapter 20 Fiscal Policy and Monetary Policy 223

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© 2021 Pear son Education, Inc.Your Complete Learning Package

WELCOME!

Using Your Teaching Resources Your teaching resources are the most comprehensive, carefully developed, and accurate ever made

available. They consist of:

•Instructor’s Manual •Solutions Manual •Test Item Files •PowerPoint Resources •MyLab Economics The first four of these resources are de livered on the instructor resource center webpage for Founda- tions of Economics at www.pearsonhighered.com.All the components of the instructor’s resources key off the Checkpoints in the textbook, which gives the entire package a tight integrity. We have played a leading role in authoring the questions in MyLab Economics and the PowerPoint resources; paid close attention to the design, structure, and organization of MyLab Economics; helped create and check the Solutions Manual; and helped in reviewing and revising the Instructor’s Manual and Test Item Files. Our hands-on approach has ensured that every element of the package achieves the consistency that teachers and their students need.Mark Rush walks you through the Instructor’s Manual and Solutions Manual on pp. ix – x, so we will focus on the other components.Test Item Files Our Test Item Files, with more than 12,000 questions, provide a huge variety of question types mapped to AACSB learning outcomes. We have multiple-choice questions, numerical questions, short-answer questions, questions based on chapter figures, and essay questions. There are integrative questions, which are questions drawn from two or more checkpoints or chapters and therefore require the stu- dents to integrate the material in their minds. We also included all the questions from the Study Guide, so you may “reward” students who are diligently using the Study Guide. The Study Guide questions are, of course, noted as such. The questions are in the order that the material is encountered in each checkpoint. The questions are identified as to their skill level and also identified according to the AACSB classification, that is, “reflective thinking,” “analytical thinking,” and so on. Within each topic, the questions are also ordered with the numeric and graphing questions following the more qualitative questions. 3 / 4

vi PREFACE 1

© 2021 Pearson Education, Inc.For this edition, Mark Rush worked to improve the Test Item Files and also wrote some new questions.We have deleted questions about topics no longer covered. And, more importantly, we have pruned questions that we thought were weaker than average. So what you have now is the best of the best.These questions should help you create exams that really determine how well your students have “put it all together.” Along with our Checkpoint approach to the other Test Item File questions, you have one of the most comprehensive testing systems on the market.The core of the questions comes from seven dedicated principles instructors to form one of the most comprehensive testing systems on the market. Our original questions authors are: Ali Ataiifar (Dela- ware County Community College), Diego Mendez-Carbajo (Illinois Wesleyan University), Carol Dole (Jacksonville University), Gregory E. Givens (University of Alabama), Homer Guevara, Jr. (Northwest Vista College), Lee Hoke (University of Tampa), William Mosher (Assumption College), Buffie Schmidt (Augusta State University), Terry Sutton (Southeast Missouri State University), Cindy Tori (Valdosta State University), and Nora Underwood (University of California, Davis). The same ques- tions authors also wrote questions for the Study Guide and Web site to ensure consistency across the entire package. Many of the questions were reviewed by either John Graham (Rutgers, The State Uni- versity of New Jersey, Campus at Newark) or Constantin Ogloblin (Georgia Southern University) to check the answers and improve the questions. TestGen All Test Item Files are available in Test Generator software (TestGen). TestGen’s graphical interface enables instructors to view, edit, and add questions; transfer questions to tests; and print different forms of tests. Tests can be formatted by varying fonts and styles, margins, and headers and footers, as in any word-processing document. Search and sort features let the instructor quickly locate questions and arrange them in a preferred order. PowerPoint Resources We have created the PowerPoint resources based on our 27 years of experience using this tool in our

own classrooms. These resources are:

• Lecture notes with full-color, animated figures and speaking tips The speaking notes sections of the lecture notes provide material from the Instructor’s Manual on teaching tips and suggestions.• Stand-alone textbook figures and tables, animated with step-by-step walk-throughs The stand-alone textbook figures and tables enable you to incorporate these items in your own personal PowerPoint lecture notes.• Eye On features The Eye On features presentations give you an opportunity to enliven your lectures with data and applications to issues in the U.S. and global economies and to add a historical dimension.• Alternative micro lecture notes with full-color, animated figures and tables that use examples dif- ferent from those in the textbook.We have set up the figures so that you can expand them to full-screen size or shrink them to dis- play text explanations alongside them at a single mouse click during a lecture.We have determined the optimal build sequence for the animated figures and have produced them with the same degree of clarity and precision as the figures in the text.

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