Basic Economics

Basic Economics

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Now in its fifteenth edition, BASIC ECONOMICS delivers a streamlined, straightforward introduction to the fundamentals of macro- and microeconomics, while addressing some of the most stimulating issues affecting the world today. You will engage students with timely discussions of monetary policies and the labor market, as well as the recent financial market collapse and housing crises. This very successful text also presents in a concise, 19-chapter format, which can be covered in single quarter or semester, and includes a wealth of student applications and instructor supplements to assist with course planning and teaching. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.AbiIity-to-Pay Theory The theory that consumers should contribute taxes consistent with their ability to pay. ... First, it is impossible to calculate the costs of the services to each individual. ... For example, a person with $100, 000 worth of real estate should pay 10 times as much in taxes as a person with only $10, 000 worth.

Title:Basic Economics
Author: Frank Mastrianna
Publisher:Cengage Learning - 2009-02-17

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