Chap01Ten Principles of Economics(曼昆经济学原理,微观-英文版).pptVIP

A Lecture Presentation in PowerPoint to Accompany Principles of Economics Second Edition by N. Gregory Mankiw Ten Principles of Economics Chapter 1 Economy. . . . . . The word economy comes from a Greek word for “one who manages a household.” A household and an economy face many decisions: Who will work? What goods and how many of them should be produced? What resources should be used in production? At what price should the goods be sold? Society and Scarce Resources: The management of society’s resources is important because resources are scarce. Scarcity . . . . . . means that society