Introducing the Economic Way of Thinking
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Transcript of Introducing the Economic Way of Thinking
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Introducing the Economic Way of
Thinking
CHAPTER
1
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2Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT 1 THREE CATEGORIES OF RESOURCES
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3Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT 2 THE STEPS IN THE MODEL-BUILDING PROCESS
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4Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT A-1 A DIRECT RELATIONSHIP BETWEEN VARIABLES
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5Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT A-2 AN INVERSE RELATIONSHIP BETWEEN VARIABLES
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6Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT A-3 AN INDEPENDENT RELATIONSHIP BETWEEN VARIABLES
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7Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT A-4 THE SLOPE OF AN UPWARD-SLOPING CURVE
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8Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT A-5 THE SLOPE OF A DOWNWARD-SLOPING CURVE
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9Tucker Economics for Today, 4e • Ch 1 Introducing the Economic Way of Thinking© 2005 Thomson/South-Western
EXHIBIT A-6 CHANGES IN PRICE, QUANTITY, AND INCOME IN TWO DIMENSIONS