Economics: Private and Public Choice16th EditionJames D. Gwartney; Richard L. Stroup; Russell S. Sobel Publisher: Cengage Learning USISBN: 9781337642224
Economics: Private and Public Choice
Solutions for Economics: Private and Public Choice
Browse All Chapters of This Textbook
Chapter 1 - The Economic ApproachChapter 2 - Some Tools Of The EconomistChapter 3 - Demand, Supply, And The Market ProcessChapter 4 - Demand And Supply: Applications And ExtensionsChapter 5 - Difficult Cases For The Market And The Role Of GovernmentChapter 6 - The Economics Of Political ActionChapter 7 - Taking The Nation's Economic PulseChapter 8 - Economic Fluctuations, Unemployment, And InflationChapter 9 - An Introduction To Basic Macroeconomic MarketsChapter 10 - Dynamic Change, Economic Fluctuations, And The Ad-as Model
Chapter 11 - Fiscal Policy: The Keynesian View And Historical Development Of MacroeconomicsChapter 12 - Fiscal Policy, Incentives, And Secondary EffectsChapter 13 - Money And The Banking SystemChapter 14 - Modern Macroeconomics And Monetary PolicyChapter 15 - Macroeconomic Policy, Economic Stability, And The Federal DebtChapter 16 - Creating An Environment For Growth And ProsperityChapter 17 - Institutions, Policies, And Cross-country Differences In Income And GrowthChapter 18 - Gaining From International TradeChapter 19 - International Finance And The Foreign Exchange MarketChapter 20 - Consumer Choice And ElasticityChapter 21 - Costs And The Supply Of GoodsChapter 22 - Price Takers And The Competitive ProcessChapter 23 - Price-searcher Markets With Low Entry BarriersChapter 24 - Price-searcher Markets With High Entry BarriersChapter 25 - The Supply Of And Demand For Productive ResourcesChapter 26 - Earnings, Productivity, And The Job MarketChapter 27 - Investment, The Capital Market, And The Wealth Of NationsChapter 28 - Income Inequality And PovertyChapter ST1 - Government Spending And TaxationChapter ST2 - The Economics Of Social SecurityChapter ST3 - The Stock Market: Its Function, Performance, And Potential As As Investment OpportunityChapter ST4 - Keynes And Hayek: Contrasting Views On Sound Economics And The Role Of GovernmentChapter ST5 - The Great Recession Of 2008-2009: Causes And ResponseChapter ST6 - Lessons From The Great DepressionChapter ST7 - The Economics Of Health CareChapter ST8 - Earnings Differences Between Men And WomenChapter ST9 - Do Labor Unions Increase The Wages Of Workers?Chapter ST10 - The Question Of Resource ExhaustionChapter ST11 - Difficult Environmental Cases And The Role Of Government
Sample Solutions for this Textbook
We offer sample solutions for Economics: Private and Public Choice homework problems. See examples below:
Option (a): When the temperature reduces from 80 degrees Fahrenheit to 50 degrees Fahrenheit, water...In an economy, ‘J’ will get $5,000 by trading used car to ‘S’. In this case, by getting $5,000, ‘J’...An increase in the price of pork would lead to a fall in the quantity demanded of pork. This would...An increase in the demand for housing leads to an increase in the demand for goods and services. To...In the market, if the payment is not demanded for the goods and services, then the potential...The public choice analysis uses the economic methods and tools to analyze political problems in an...The gross domestic product (GDP) measures the final value of the goods and services produced by a...The major phases of the business cycle are business peak, contraction, recessionary trough, and...Table-1 shows the value of nominal GDP and the GDP deflator as follows: Table-1 Nominal GDP...
The components of the aggregate demand are consumption, investment, government spending, and net...The components of the aggregate demand are the consumption expenditure, government spending,...According to Keynesian view, the equilibrium output is determined at the point where the aggregate...For discretionary fiscal policy, there will be a problem of appropriate timing which may fail to...The liquidity of an asset refers to its ease and quickness in converting itself into cash without...Money is considered as the medium of exchange for goods and services. The important reasons for...The role of the government and the central bank is necessary to stabilize the economy and achieve...According to the economist Robert Lucas, to achieve the growth of real income, the growth of real...Table-1 shows the data of per person GDP level of different countries in 2014 as follows: Table...Every economy has their own natural resources, which are being used for the production of goods and...The exchange rate is the rate at which the currencies are traded with each other. It can be...The effect of an increase in tuition revenue depends on the price elasticity of demand. Suppose, the...The owners, whose income depends on the profit of the firm, are called as residual income claimants....Marginal product can be calculated using the following formula: Marginal product=Total...In the short run, the lower resource price will make profit in the market. This is because in the...Marginal cost can be calculated using the following formula: Marginal Cost=Change in Total...The price-searcher markets are those markets with the downward sloping demand curve and with lower...Barriers to entry are crucial for the existence of long run profit. It is because a firm can make...The derived demand is a famous economic concept explains the demand for goods and services is bring...Wage is the income paid to the laborers for using their skill for the process of production. The...Option (a): When the population that saves more increases, it leads to increase the aggregate saving...The market value of a product is determined by its present value. With the given information, the...Income inequality is the unequal distribution of income or wages across various participants in an...The tax will reduce the efficiency because taxes are the burden imposed by the government on its...Social insurance is a government program that provides social security and aid from any losses, such...People can choose a diversified portfolio to get a high return with low risk. If an individual only...According to Keynesian economists, saving is a portion of the disposable income, which is left after...The recession of 2001 induces the Fed to adopt highly expansionary monetary policy. As a part of...During 1920s, the stock market grows up rapidly. It hits the history of growth and achieves its peak...The insurance companies provide third-party insurance, and government provides out-of-pocket...The earnings of women are lower when comparing it with the earnings of men. Employment...When the workers are unionized, the wage rate will increase. This will lead to increase in the cost...If the world were about to run out of a highly valued resource, then the resource is a scarced one....Limits on fishing season is used a measure to control overfishing in the oceans, while this type of...
More Editions of This Book
Corresponding editions of this textbook are also available below:
Economics: Private and Public Choice
17th Edition
ISBN: 9780357133996
ECONOMICS:PRIVATE+PUB...(LL) >CUSTOM<
17th Edition
ISBN: 9780357758663
ECONOMICS:PRIVATE+PUBLIC...-MINDTAP
17th Edition
ISBN: 9780357134061
ECONOMICS:PRIVATE+...-MINDTAP ACCESS
17th Edition
ISBN: 9780357134047
Economics: Private and Public Choice (MindTap Course List)
15th Edition
ISBN: 9781285453538
Economics: Private and Public Choice (MindTap Course List)
15th Edition
ISBN: 9781305176782
Economics: Private and Public Choice
13th Edition
ISBN: 9780538754279
MINDTAP ECONOMICS FOR GWARTNEY/STROUP/S
16th Edition
ISBN: 9781305582002
Bundle: Economics: Private And Public Choice 16th + Mindtap Economics, 2 Terms (12 Months) Printed Access Card
16th Edition
ISBN: 9781337497763
Bundle: Economics: Private And Public Choice, Loose-leaf Version, 16th + Mindtap Economics, 1 Term (6 Months) Printed Access Card
16th Edition
ISBN: 9781337956666
ECONOMICS:PRIVATE&PUBLIC CHOICE(LL)
16th Edition
ISBN: 9781337706346
Mindtap Economics, 2 Terms (12 Months) Printed Access Card For Gwartney/stroup/sobel/macpherson's Economics: Private And Public Choice, 16th
16th Edition
ISBN: 9781305582019
MINDTAP ECONOMICS FOR GWARTNEY/STROUP/S
16th Edition
ISBN: 9781305582026
ECONOMICS PRIVATE/PUBLIC CHOICE W/MINDT
16th Edition
ISBN: 9781337497176
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781337515153
ECON.PRIVATE/PUBLIC CHOICE >CUSTOM PKG<
16th Edition
ISBN: 9781337692373
Economics
14th Edition
ISBN: 9781111970215
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