American Production Data

Inputs, Production, Outputs, and Consumption Form the Circular Flow of Economic Life

Fixed Land Must Work for Whatever It Can Earn

Wages Have Improved as Hours of Work Have Declined

Concentration Ratios Are Quantitative Measures of Market Power

Acid Test for Imperfect Competition Is Downward Tilt of Firm’s Demand Curve

McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved

McGraw-Hill/Irwin Copyright © 2001 The McGraw-Hill Companies, Inc. All rights reserved

ECNOMICS Openness of Different Economies, 1997

ECNOMICS Economic Growth Is Key to Long- Term Living Standards