Modern Principles of Microeconomics
Chapter 1
The Big Ideas
Tyler Cowen; Alex Tabarrok
81 questions · 11 paragraphs
What's in the chapter?
1.1
Big Idea One: Incentives Matter
2 questions
Practice
1.2
Big Idea Two: Good Institutions Align Self-Interest with the Social Interest
1 question
Practice
1.3
Big Idea Three: Trade-offs Are Everywhere
58 questions
Practice
1.4
Big Idea Four: Think on the Margin
14 questions
Practice
1.5
Big Idea Five: Trade Makes People Better Off
0 questions
Practice
1.6
Big Idea Six: Wealth and Economic Growth Are Important
1 question
Practice
1.7
Big Idea Seven: Institutions Matter
0 questions
Practice
1.8
Big Idea Eight: Economic Booms and Busts Cannot Be Avoided but Can Be Moderated
0 questions
Practice
1.9
Big Idea Nine: Inflation Is Caused by Increases in the Supply of Money
5 questions
Practice
1.10
Big Idea Ten: Central Banking Is a Hard Job
0 questions
Practice
1.11
The Biggest Idea of All: Economics Is Fun
0 questions
Practice