Contents

1. Ragan Microeconomics


2. Copyright


3. Brief Contents


4. Contents


5. List of Boxes


6. To the Instructor


7. To the Student


8. Acknowledgements


9. About the Author


10. 1 Economic Issues and Concepts
    A. Chapter Outline
    B. Learning Objectives (LO)
    C. 1.1 What Is Economics?


11. Resources


12. Scarcity and Choice
    a. Opportunity Cost
    b. Opportunity Cost Is a Ratio
    c. Production Possibilities Boundary


13. Four Key Economic Problems
    a. 1. What Is Produced and How?
    b. 2. What Is Consumed and by Whom?
    c. 3. Why Are Resources Sometimes Idle?