Chapter 7: Consumers, Producers, and the Efficiency of Markets
Recent Posts
November 2
Government Motors-Update
When the government took over GM, it said it would not interfere in the company's decision-making. Yet politicians are doing just that.
Textbook References:
Pages 7-8 “Principle 4: People Respond to Incentives”Pages 8-10 “Principle 6: Markets Are Usually a Good Way to Organize Economic Activity”
Pages 10-12 “Principle 7: Government Can Sometimes Improve Market Outcomes”
Pages 148-150 “Evaluating the Market Equilibrium”