Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.
-
Upload
bernard-phelps -
Category
Documents
-
view
214 -
download
0
Transcript of Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.
![Page 1: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/1.jpg)
Economics:Foundations and Models
![Page 2: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/2.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 3: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/3.jpg)
Economics: Foundations and Models
![Page 4: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/4.jpg)
Economics: Foundations and Models
![Page 5: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/5.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 6: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/6.jpg)
Apple Computer Makes a Decision at the Margin
![Page 7: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/7.jpg)
The Economic Problem That Every Society Must Solve
![Page 8: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/8.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 9: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/9.jpg)
Efficiency and Equity
![Page 10: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/10.jpg)
Economic Models
![Page 11: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/11.jpg)
Economic Models
![Page 12: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/12.jpg)
Economic Models
Normative and Positive Analysis
![Page 13: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/13.jpg)
Microeconomics and Macroeconomics
![Page 14: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/14.jpg)
A Preview of Important Economic Terms
![Page 15: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/15.jpg)
The Halo Effect
![Page 16: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/16.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 17: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/17.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 18: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/18.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 19: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/19.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 20: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/20.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 21: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/21.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 22: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/22.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 23: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/23.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 24: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/24.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 25: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/25.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 26: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/26.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 27: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/27.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 28: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/28.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 29: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/29.jpg)
Click to edit Master title style and for two-line headings
Click to edit Master text styles
![Page 30: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/30.jpg)
CHAPTER 1: Economics: Foundations and Models
![Page 31: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/31.jpg)
c h a p t e r
o n e
![Page 32: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/32.jpg)
Prepared by: Fernando & Yvonn Quijano
![Page 33: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/33.jpg)
Click to edit Master text styles
SSecond level
TThird level
FFourth level
FFifth level
![Page 34: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/34.jpg)
LEARNING OBJECTIVES
![Page 35: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/35.jpg)
1
![Page 36: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/36.jpg)
2
![Page 37: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/37.jpg)
3
![Page 38: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/38.jpg)
4
![Page 39: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/39.jpg)
5
Many U.S., Japanese, and European firms have been moving
the production of goods and services to other countries.
![Page 40: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/40.jpg)
Scarcity The situation in which unlimited wants excee
![Page 41: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/41.jpg)
LEARNING OBJECTIVE
1
Market A group of buyers and sellers of a good or service and the institution or arrangement by
which they come together to trade.
Marginal analysis Analysis that involves comparing marginal benefits and marginal costs.
Three important ideas:
PPeople are rational
PPeople respond to economic incentives
OOptimal decisions are made at the margin
![Page 42: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/42.jpg)
1 - 1
![Page 43: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/43.jpg)
LEARNING OBJECTIVE
1
Should Apple produce an additional 300,000 iPods?
IIn solving the problem, consider the fo
![Page 44: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/44.jpg)
LEARNING OBJECTIVE
2
Trade-off The idea that because of scarcity, producing more of one good or service means producing less of another good or service.
Three fundamental questions:
WWhat goods and services will be produced?
HHow will the goods and services be produced?
WWho will receive the goods and services produced?
![Page 45: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/45.jpg)
Centrally planned economy An economy in which the government decides how
economic resources will be allocated.
MMarket economy An economy in which the decisions of
households and firms interacting in markets allocate economic
resources.
![Page 46: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/46.jpg)
Mixed economy An economy in which most economic decisions result from the interaction of buyers and sellers in markets, but in
which the government plays a significant role in the
allocation of resources.
![Page 47: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/47.jpg)
Productive efficiency The situation in which a good or
![Page 48: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/48.jpg)
LEARNING OBJECTIVE
3
To develop a model, economists generally follow these steps:
DDecide on the assumptions
![Page 49: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/49.jpg)
LEARNING OBJECTIVE
3
The Role of Assumptions in Economic Models
EEconomic models make behavioral assumptions about the motives of consumers and firms.
FForming and Testing Hypotheses in Economic Models
![Page 50: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/50.jpg)
Economic variable Something measurable that can have
different values, such as the wages of software
programmers.
![Page 51: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/51.jpg)
Positive analysis Analysis concerned with what is.
NNormative analysis Analysis concerned with what ought to be.
![Page 52: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/52.jpg)
Does outsourcing by U.S. firms raise or lower incomes in
the United States?When Economists Disagree: A
Debate Over Outsourcing
1 - 1
![Page 53: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/53.jpg)
LEARNING OBJECTIVE
4
Microeconomics The study of
![Page 54: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/54.jpg)
LEARNING OBJECTIVE
5
Entrepreneur
IInnovation
TTechnology
FFirm, company, or business
GGoods
SServices
RRevenue
Opportunity cost
PProfit
HHousehold
FFactors of production or economic resources
CCapital
HHuman capital
![Page 55: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/55.jpg)
Figure 1: Many countries, including the United States, have experienced rapidly
increasing exports to China.
![Page 56: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/56.jpg)
Market economy
MMicroeconomics
MMixed economy
NNormative analysis
PPositive analysis
PProductive efficiency
SScarcity
TTrade-off
VVoluntary exchange
![Page 57: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/57.jpg)
1A - 1
Bar Graphs and Pie Charts
![Page 58: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/58.jpg)
1A - 2
Time-Series Graphs
![Page 59: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/59.jpg)
1A - 3
Plotting Price and QuantityPoints in a Graph
![Page 60: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/60.jpg)
1A - 4
Calculating the Slope of a Line
Graphs of Two Variables
Slopes of Lines
![Page 61: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/61.jpg)
1A - 5
Graphs of Two Variables
Taking Into Account More Than Two Variables on a Graph
Showing Three Variables on a Graph
![Page 62: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/62.jpg)
1A - 6
Graphs of Two Variables
Positive and Negative Relationships
Graphing the Direct Relationship between Income and
Consumption Spending
![Page 63: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/63.jpg)
1A - 7
Graphs of Two Variables
Slopes of Nonlinear Curves
The Slope of a Nonlinear Curve
![Page 64: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/64.jpg)
Formulas
Formula for a Percentage Change
![Page 65: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/65.jpg)
Using the growth of Gross Domestic Product (GDP) as
an example:
![Page 66: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/66.jpg)
1A - 8
Formulas
Formulas for the Areas of a Rectangle and a Triangle
![Page 67: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/67.jpg)
1A - 9
Formulas
Formulas for the Areas of a Rectangle and a Triangle
The Area of a Right Triangle
![Page 68: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/68.jpg)
Formulas
Summary of Using Formulas
![Page 69: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/69.jpg)
![Page 70: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/70.jpg)
Economics:Foundations and Models
![Page 71: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/71.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 72: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/72.jpg)
Economics: Foundations and Models
![Page 73: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/73.jpg)
Economics: Foundations and Models
![Page 74: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/74.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 75: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/75.jpg)
Apple Computer Makes a Decision at the Margin
![Page 76: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/76.jpg)
The Economic Problem That Every Society Must Solve
![Page 77: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/77.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 78: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/78.jpg)
Efficiency and Equity
![Page 79: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/79.jpg)
Economic Models
![Page 80: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/80.jpg)
Economic Models
![Page 81: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/81.jpg)
Economic Models
Normative and Positive Analysis
![Page 82: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/82.jpg)
Microeconomics and Macroeconomics
![Page 83: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/83.jpg)
A Preview of Important Economic Terms
![Page 84: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/84.jpg)
The Halo Effect
![Page 85: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/85.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 86: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/86.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 87: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/87.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 88: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/88.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 89: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/89.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 90: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/90.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 91: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/91.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 92: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/92.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 93: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/93.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 94: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/94.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 95: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/95.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 96: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/96.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 97: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/97.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 98: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/98.jpg)
![Page 99: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/99.jpg)
Economics:Foundations and Models
![Page 100: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/100.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 101: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/101.jpg)
Economics: Foundations and Models
![Page 102: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/102.jpg)
Economics: Foundations and Models
![Page 103: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/103.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 104: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/104.jpg)
Apple Computer Makes a Decision at the Margin
![Page 105: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/105.jpg)
The Economic Problem That Every Society Must Solve
![Page 106: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/106.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 107: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/107.jpg)
Efficiency and Equity
![Page 108: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/108.jpg)
Economic Models
![Page 109: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/109.jpg)
Economic Models
![Page 110: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/110.jpg)
Economic Models
Normative and Positive Analysis
![Page 111: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/111.jpg)
Microeconomics and Macroeconomics
![Page 112: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/112.jpg)
A Preview of Important Economic Terms
![Page 113: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/113.jpg)
The Halo Effect
![Page 114: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/114.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 115: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/115.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 116: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/116.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 117: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/117.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 118: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/118.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 119: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/119.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 120: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/120.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 121: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/121.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 122: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/122.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 123: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/123.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 124: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/124.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 125: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/125.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 126: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/126.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
Taking Into Account More Than Two Variables on a Graph
![Page 127: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/127.jpg)
1A - 5
Showing Three Variableson a Graph
![Page 128: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/128.jpg)
Graphs of Two Variables
Positive and Negative Relationships
![Page 129: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/129.jpg)
1A - 6
Graphing the Direct Relationship between Income and
Consumption
![Page 130: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/130.jpg)
Graphs of Two Variables
Slopes of Nonlinear Curves
![Page 131: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/131.jpg)
1A - 7
The Slope of a Nonlinear Curve
![Page 132: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/132.jpg)
Formulas
Formula for a Percentage Change
![Page 133: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/133.jpg)
Using the growth of Gross Domestic Product (GDP) as
an example:
![Page 134: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/134.jpg)
![Page 135: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/135.jpg)
Economics:Foundations and Models
![Page 136: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/136.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 137: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/137.jpg)
Economics: Foundations and Models
![Page 138: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/138.jpg)
Economics: Foundations and Models
![Page 139: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/139.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 140: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/140.jpg)
Apple Computer Makes a Decision at the Margin
![Page 141: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/141.jpg)
The Economic Problem That Every Society Must Solve
![Page 142: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/142.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 143: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/143.jpg)
Efficiency and Equity
![Page 144: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/144.jpg)
Economic Models
![Page 145: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/145.jpg)
Economic Models
![Page 146: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/146.jpg)
Economic Models
Normative and Positive Analysis
![Page 147: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/147.jpg)
Microeconomics and Macroeconomics
![Page 148: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/148.jpg)
A Preview of Important Economic Terms
![Page 149: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/149.jpg)
The Halo Effect
![Page 150: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/150.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 151: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/151.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 152: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/152.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 153: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/153.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 154: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/154.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 155: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/155.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 156: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/156.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 157: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/157.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 158: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/158.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 159: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/159.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 160: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/160.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 161: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/161.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 162: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/162.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 163: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/163.jpg)
1A - 8
Formulas
Formulas for the Areas of a Rectangle and a Triangle
![Page 164: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/164.jpg)
1A - 9
Formulas
Formulas for the Areas of a Rectangle and a Triangle
The Area of a Triangle
![Page 165: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/165.jpg)
Formulas
Summary of Using Formulas
![Page 166: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/166.jpg)
![Page 167: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/167.jpg)
Economics:Foundations and Models
![Page 168: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/168.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 169: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/169.jpg)
Economics: Foundations and Models
![Page 170: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/170.jpg)
Economics: Foundations and Models
![Page 171: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/171.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 172: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/172.jpg)
Apple Computer Makes a Decision at the Margin
![Page 173: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/173.jpg)
The Economic Problem That Every Society Must Solve
![Page 174: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/174.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 175: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/175.jpg)
Efficiency and Equity
![Page 176: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/176.jpg)
Economic Models
![Page 177: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/177.jpg)
Economic Models
![Page 178: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/178.jpg)
Economic Models
Normative and Positive Analysis
![Page 179: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/179.jpg)
Microeconomics and Macroeconomics
![Page 180: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/180.jpg)
A Preview of Important Economic Terms
![Page 181: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/181.jpg)
The Halo Effect
![Page 182: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/182.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 183: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/183.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 184: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/184.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 185: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/185.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 186: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/186.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 187: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/187.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 188: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/188.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 189: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/189.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 190: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/190.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 191: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/191.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 192: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/192.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 193: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/193.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 194: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/194.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 195: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/195.jpg)
Click to edit Master title style and for two-line headings
Click to edit Master text styles
![Page 196: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/196.jpg)
CHAPTER 1: Economics: Foundations and Models
![Page 197: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/197.jpg)
Formulas
Formulas for the Areas of a Rectangle and a Triangle
![Page 198: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/198.jpg)
1A - 8
![Page 199: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/199.jpg)
Formulas
Formulas for the Areas of a Rectangle and a Triangle
![Page 200: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/200.jpg)
1A - 9
The Area of a Triangle
![Page 201: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/201.jpg)
![Page 202: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/202.jpg)
Economics:Foundations and Models
![Page 203: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/203.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 204: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/204.jpg)
Economics: Foundations and Models
![Page 205: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/205.jpg)
Economics: Foundations and Models
![Page 206: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/206.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 207: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/207.jpg)
Apple Computer Makes a Decision at the Margin
![Page 208: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/208.jpg)
The Economic Problem That Every Society Must Solve
![Page 209: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/209.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 210: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/210.jpg)
Efficiency and Equity
![Page 211: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/211.jpg)
Economic Models
![Page 212: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/212.jpg)
Economic Models
![Page 213: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/213.jpg)
Economic Models
Normative and Positive Analysis
![Page 214: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/214.jpg)
Microeconomics and Macroeconomics
![Page 215: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/215.jpg)
A Preview of Important Economic Terms
![Page 216: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/216.jpg)
The Halo Effect
![Page 217: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/217.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 218: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/218.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 219: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/219.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 220: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/220.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 221: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/221.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 222: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/222.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 223: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/223.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 224: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/224.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 225: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/225.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 226: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/226.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 227: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/227.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 228: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/228.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 229: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/229.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 230: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/230.jpg)
![Page 231: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/231.jpg)
Economics:Foundations and Models
![Page 232: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/232.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 233: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/233.jpg)
Economics: Foundations and Models
![Page 234: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/234.jpg)
Economics: Foundations and Models
![Page 235: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/235.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 236: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/236.jpg)
Apple Computer Makes a Decision at the Margin
![Page 237: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/237.jpg)
The Economic Problem That Every Society Must Solve
![Page 238: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/238.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 239: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/239.jpg)
Efficiency and Equity
![Page 240: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/240.jpg)
Economic Models
![Page 241: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/241.jpg)
Economic Models
![Page 242: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/242.jpg)
Economic Models
Normative and Positive Analysis
![Page 243: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/243.jpg)
Microeconomics and Macroeconomics
![Page 244: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/244.jpg)
A Preview of Important Economic Terms
![Page 245: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/245.jpg)
The Halo Effect
![Page 246: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/246.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 247: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/247.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 248: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/248.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 249: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/249.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 250: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/250.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 251: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/251.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 252: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/252.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 253: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/253.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 254: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/254.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 255: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/255.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 256: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/256.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 257: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/257.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 258: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/258.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 259: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/259.jpg)
![Page 260: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/260.jpg)
Economics:Foundations and Models
![Page 261: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/261.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 262: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/262.jpg)
Economics: Foundations and Models
![Page 263: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/263.jpg)
Economics: Foundations and Models
![Page 264: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/264.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 265: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/265.jpg)
Apple Computer Makes a Decision at the Margin
![Page 266: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/266.jpg)
The Economic Problem That Every Society Must Solve
![Page 267: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/267.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 268: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/268.jpg)
Efficiency and Equity
![Page 269: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/269.jpg)
Economic Models
![Page 270: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/270.jpg)
Economic Models
![Page 271: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/271.jpg)
Economic Models
Normative and Positive Analysis
![Page 272: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/272.jpg)
Microeconomics and Macroeconomics
![Page 273: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/273.jpg)
A Preview of Important Economic Terms
![Page 274: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/274.jpg)
The Halo Effect
![Page 275: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/275.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 276: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/276.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 277: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/277.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 278: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/278.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 279: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/279.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 280: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/280.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 281: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/281.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 282: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/282.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 283: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/283.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 284: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/284.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 285: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/285.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 286: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/286.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 287: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/287.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 288: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/288.jpg)
Scarcity The situation in which unlimited wants exce
![Page 289: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/289.jpg)
![Page 290: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/290.jpg)
Economics:Foundations and Models
![Page 291: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/291.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 292: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/292.jpg)
Economics: Foundations and Models
![Page 293: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/293.jpg)
Economics: Foundations and Models
![Page 294: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/294.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 295: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/295.jpg)
Apple Computer Makes a Decision at the Margin
![Page 296: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/296.jpg)
The Economic Problem That Every Society Must Solve
![Page 297: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/297.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 298: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/298.jpg)
Efficiency and Equity
![Page 299: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/299.jpg)
Economic Models
![Page 300: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/300.jpg)
Economic Models
![Page 301: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/301.jpg)
Economic Models
Normative and Positive Analysis
![Page 302: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/302.jpg)
Microeconomics and Macroeconomics
![Page 303: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/303.jpg)
A Preview of Important Economic Terms
![Page 304: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/304.jpg)
The Halo Effect
![Page 305: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/305.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 306: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/306.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 307: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/307.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 308: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/308.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 309: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/309.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 310: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/310.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 311: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/311.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 312: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/312.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 313: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/313.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 314: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/314.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 315: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/315.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 316: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/316.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 317: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/317.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 318: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/318.jpg)
![Page 319: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/319.jpg)
Economics:Foundations and Models
![Page 320: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/320.jpg)
What Happens When U.S. Firms
Move to China? After studying
![Page 321: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/321.jpg)
Economics: Foundations and Models
![Page 322: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/322.jpg)
Economics: Foundations and Models
![Page 323: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/323.jpg)
Building a Foundation: Economics and Individual
Decisions
![Page 324: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/324.jpg)
Apple Computer Makes a Decision at the Margin
![Page 325: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/325.jpg)
The Economic Problem That Every Society Must Solve
![Page 326: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/326.jpg)
The Economic Problem That Every Society Must Solve
Centrally Planned Economies versus Market
Economies
![Page 327: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/327.jpg)
Efficiency and Equity
![Page 328: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/328.jpg)
Economic Models
![Page 329: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/329.jpg)
Economic Models
![Page 330: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/330.jpg)
Economic Models
Normative and Positive Analysis
![Page 331: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/331.jpg)
Microeconomics and Macroeconomics
![Page 332: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/332.jpg)
A Preview of Important Economic Terms
![Page 333: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/333.jpg)
The Halo Effect
![Page 334: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/334.jpg)
Allocative efficiency
CCentrally planned economy
EEconomic model
EEconomic variable
EEconomics
EEquity
MMacroeconomics
MMarginal analysis
MMarket
![Page 335: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/335.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 336: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/336.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 337: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/337.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of One Variable
![Page 338: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/338.jpg)
Appendix 1A:Using Graphs and Formulas
Graphs of Two Variables
![Page 339: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/339.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 340: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/340.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 341: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/341.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 342: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/342.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 343: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/343.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 344: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/344.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 345: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/345.jpg)
Appendix 1A:Using Graphs and Formulas
![Page 346: Economics: Foundations and Models. What Happens When U.S. Firms Move to China? After studying.](https://reader038.fdocuments.net/reader038/viewer/2022110403/56649e795503460f94b793e8/html5/thumbnails/346.jpg)
Appendix 1A:Using Graphs and Formulas