first rule of labor markets 326

income effect 147, 523

efficiency 74

elastic demand 113

elastic supply 113

Elasticity 112

fiscal policy 16

fixed 162

Fixed inputs 162

fossil fuels 294

elasticity of savings 129

Francine Blau 343

Entrepreneurship 162

entry 204

free rider 317

free trade 485

income elasticity of demand

128

increasing cost industry 205

index fund 420

indifference curve 519

inelastic demand 113

inelastic supply 113

Equal Employment Opportunity

free trade agreements 490

inequality 360

Commission (EEOC) 349

Equal Pay Act of 1963 348

equilibrium 53, 74, 90, 244,

389, 474

equilibrium price 53, 390

equilibrium quantity 53, 69

equity 421

estate tax 378

function 501

fungible 152

G
gain from trade 454

game theory 247

Gary Becker 347

infant industry argument 483

inferior good 57, 128, 146

Infinite elasticity 117

initial public offering (IPO) 411

inputs 59

Insurance 394

intellectual property 219, 313

General Agreement on Tariffs
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