social costs 283

total surplus 75

total utility 139
trade secrets 219

trademark 219

tradeoffs 40

traditional economy 18

progressive tax system 377

social rate of return 311

Treasury bond 410

Access for free at openstax.org
Index 585

Tying sales 266

Tyler Cowen 319

U
U.S. Census Bureau 57

U.S. Department of the

Treasury 410

utility-maximizing 437

wage elasticity of labor supply

utility-maximizing choice 146

129

V
value chain 462

variable 162, 502

Variable costs 167

Wages and salaries 165

Walter McMahon 311

warranty 392

Wealth 376

Workman’s compensation

underground economies 21

Variable inputs 162

insurance 395

Unemployment insurance 395

Venture capital 409

Unitary elasticities 113

voting cycle 443

World Trade Organization

(WTO) 464, 473, 484, 489

usury laws 102

utility 32, 140, 519

utility maximizing 391

W
wage 88

Z
Zero elasticity 117
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