Partial table of contents: BASIC ECONOMIC CONCEPTS. Economic Problems and Economic Goals. Specialization, Exchange, and Money. The Economic Role of Government. THE FOUNDATIONS OF MICROECONOMICS: THE CONSUMER AND THE FIRM. Applications of Demand and Supply: The Concept of Elasticity. Business Organizations: Proprietorships, Partnerships, and Corporations. MARKET STRUCTURE AND ECONOMIC EFFICIENCY. Supply in a Perfectly Competitive Market. Monopoly. ECONOMIC EFFICIENCY: ISSUES OF OUR TIME. How Much Should the Government Regulate Business?. Government Regulations to Protect Our Quality of Life. Public Goods and Public Choice. International Trade: Policy Debates. HOW INCOME IS DISTRIBUTED. Wages in a Perfectly Competitive Economy. Other Incomes. Income Inequality. Appendices. Glossary. Index.