387

387

16.1 The Problem of Imperfect Information and Asymmetric Information

388

16.2 Insurance and Imperfect Information

394

Key Terms

403

Key Concepts and Summary

403

Self-Check Questions

404

Review Questions

404

Critical Thinking Questions

405

Problems

405

CHAPTER 17
Financial Markets
Introduction to Financial Markets

407

407

17.1 How Businesses Raise Financial Capital

409

17.2 How Households Supply Financial Capital

413

17.3 How to Accumulate Personal Wealth

424

Key Terms

429

Key Concepts and Summary

430

Self-Check Questions

431

Review Questions

431

Critical Thinking Questions

432

Problems

432

CHAPTER 18
Public Economy
Introduction to Public Economy

435

435

18.1 Voter Participation and Costs of Elections

436

18.2 Special Interest Politics

438

18.3 Flaws in the Democratic System of Government

442

Key Terms

446

Key Concepts and Summary

446

Self-Check Questions

446

Review Questions

447

Critical Thinking Questions

447

Problems
{"file_size_mb": 26.99, "file_type": ".pdf", "producer": "Prince 14.2 (www.princexml.com)", "file_name": "Microeconomics3e.pdf", "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "creator": "PDFMiner", "batch_upload": true, "moddate": "2022-12-07T14:23:05-06:00", "upload_timestamp": "2026-02-07T15:24:38.309401", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "total_pages": 597, "creationdate": "2022-12-07T14:15:44-06:00", "title": "Principles of Microeconomics 3e", "uploaded_via": "batch_uploader", "source": "downloads\\business\\economics\\Microeconomics3e.pdf"}