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Table of Contents

Each ACE quiz is organized by the chapters in the Economics textbook. The corresponding chapters for the Principles of Microeconomics and Principles of Macroeconomics textbooks are listed in the columns on the right.

Ch.

Chapters in Taylor, Economics, Second Edition

Micro

Macro

1. Observing and Explaining the Economy 1 1
2. Scarcity, Choice, and Economic Interaction 2 2
3. The Supply and Demand Model 3 3
4. Elasticity and Its Uses 4 4
5. The Demand Curve and the Behavior of Consumers 5
6. The Supply Curve and the Behavior of Firms 6
7. The Interaction of People in Markets 7
8. Costs and the Evolution of Firms Over Time 8
9. The Rise and Fall of Industries 9
10. Monopoly 10
11. Product Differentiation and Strategic Behavior 11
12. Labor Markets 12
13. Capital Markets 13
14. Taxes, Transfers, and Income Distribution 14
15. Public Goods and Externalities 15
16. Antitrust Policy and Regulation 16
17. The Gains from International Trade 17 21
18. International Trade Policy 18 22
19. A Preview of Macroeconomics 5
20. Measuring the Macroeconomy 6
21. Unemployment and Employment 7
22. Investment in New Capital 8
23. Technology and Economic Growth 9
24. The Monetary System and Inflation 10
25. The First Steps Toward Recession or Boom 11
26. The Uncertain Multiplier 12
27. Aggregate Demand, Inflation, and Price Adjustment 13
28. Toward Recovery and Expansion 14
29. Fiscal Policy and the Budget Deficit 15
30. Monetary Policy 16
31. International Finance 19 17
32. Macroeconomic Debates 18
33. Economic Growth Around the World 19
34. Emerging Market Economies
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