294

Key Terms

297

Key Concepts and Summary

297

Self-Check Questions

298

Review Questions

303

Critical Thinking Questions

303

Problems

304

CHAPTER 13
Positive Externalities and Public Goods
Introduction to Positive Externalities and Public Goods

307

307

13.1 Investments in Innovation

308

13.2 How Governments Can Encourage Innovation

313

13.3 Public Goods

316

Key Terms

321

Key Concepts and Summary

321

Self-Check Questions

321

Review Questions

323

Critical Thinking Questions

323

Problems

324

CHAPTER 14
Labor Markets and Income
Introduction to Labor Markets and Income

325

325

14.1 The Theory of Labor Markets

326

14.2 Wages and Employment in an Imperfectly Competitive Labor Market

331

14.3 Market Power on the Supply Side of Labor Markets: Unions

335

342
14.4 Bilateral Monopoly
14.5 Employment Discrimination

343

14.6 Immigration

350

Key Terms

353

Key Concepts and Summary

353

Self-Check Questions

354

Review Questions

356
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