> > Krugman's Economics for AP® (High School) 2

Krugman's Economics for AP® (High School) 2nd Edition - Solutions by Chapter

Full solutions for Krugman's Economics for AP® (High School) | 2nd Edition

ISBN: 9781464122187

Krugman's Economics for AP® (High School) | 2nd Edition - Solutions by Chapter

Solutions by Chapter
4 5 0 300 Reviews
Textbook: Krugman's Economics for AP® (High School)
Edition: 2
Author: Margaret Ray
ISBN: 9781464122187

Since problems from 95 chapters in Krugman's Economics for AP® (High School) have been answered, more than 2996 students have viewed full step-by-step answer. This textbook survival guide was created for the textbook: Krugman's Economics for AP® (High School), edition: 2. The full step-by-step solution to problem in Krugman's Economics for AP® (High School) were answered by , our top Business solution expert on 03/14/18, 08:10PM. This expansive textbook survival guide covers the following chapters: 95. Krugman's Economics for AP® (High School) was written by and is associated to the ISBN: 9781464122187.

Key Business Terms and definitions covered in this textbook
  • benefits principle

    the idea that people should pay taxes based on the benefits they receive from government services

  • economic profit

    total revenue minus total cost, including both explicit and implicit costs

  • efficiency wages

    above-equilibrium wages paid by firms to increase worker productivity

  • Federal Reserve (Fed)

    the central bank of the United States

  • financial markets

    financial institutions through which savers can directly provide funds to borrowers

  • free rider

    a person who receives the benefit of a good but avoids paying for it

  • inflation

    an increase in the overall level of prices in the economy

  • leverage

    the use of borrowed money to supplement existing funds for purposes of investment

  • macroeconomics

    the study of economy-wide phenomena, including inflation, unemployment, and economic growth

  • macroeconomics

    the study of economy-wide phenomena, including inflation, unemployment, and economic growth

  • marginal revenue

    the change in total revenue from an additional unit sold

  • net capital outflow

    the purchase of foreign assets by domestic residents minus the purchase of domestic assets by foreigners

  • normative statements

    claims that attempt to prescribe how the world should be

  • opportunity cost

    whatever must be given up to obtain some item

  • private goods

    goods that are both excludable and rival in consumption

  • production function

    the relationship between quantity of inputs used to make a good and the quantity of output of that good

  • quantity demanded

    the amount of a good that buyers are willing and able to purchase

  • recession

    a period of declining real incomes and rising unemployment

  • substitutes

    two goods for which an increase in the price of one leads to an increase in the demand for the other

  • total revenue (for a firm)

    the amount a firm receives for the sale of its output

×
Log in to StudySoup
Get Full Access to Thousands of Study Materials at Your School

Forgot password? Reset password here

Join StudySoup for FREE
Get Full Access to Thousands of Study Materials at Your School
Join with Email
Already have an account? Login here
Reset your password

I don't want to reset my password

Need help? Contact support

Need an Account? Is not associated with an account
Sign up
We're here to help

Having trouble accessing your account? Let us help you, contact support at +1(510) 944-1054 or support@studysoup.com

Got it, thanks!
Password Reset Request Sent An email has been sent to the email address associated to your account. Follow the link in the email to reset your password. If you're having trouble finding our email please check your spam folder
Got it, thanks!
Already have an Account? Is already in use
Log in
Incorrect Password The password used to log in with this account is incorrect
Try Again

Forgot password? Reset it here