Abstract
Why are some people rich and others poor? Why do doctors earn higher salaries than newspaper reporters? Why do Republican congressional representatives attack the economic policy proposals of the Democrats? Why do some companies make a lot of profit, while others file for bankruptcy? Why is welfare only temporary? And perhaps most importantly, why can’t you have everything you want—now? These are all important personal, societal, and even global issues. Economics can help you understand the answers to these and many other questions. By the time you finish this chapter, you will have some idea about the way economists address these questions, and by the time you finish this textbook, you will be able to develop answers of your own.
| Original language | American English |
|---|---|
| Publisher | Bridgepoint Education |
| Number of pages | 652 |
| State | Published - 2012 |