18
1 What Is Economics? 1 What Is Economics?
20
Economic Systems
22
The Challenge of Scarcity
26
How the U.S. Economy Works
28
2 Government and the Economy 2 Government and the Economy
36
Economic Conditions Monitored by the
Government
38
Factors Affecting Economic Policies
42
Government Regulations
50
3 Consumers in the Economy: An 3 Consumers in the Economy: An
Overview Overview
58
Economic Activities of Consumers
60
Economic Problems of Consumers in a Market
Economy
67
Consumer Mistakes Leading to Problems
68
10
Unit 1 Unit 1
The Economic System The Economic System
CONTENTS CONTENTS