295

invisible hand 41

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Index 583

J
Joan Robinson 444

John Maynard Keynes 16

junk bonds 415

K
key input 122

kinked demand curve 250

L
Labor 162

labor market 17, 90, 392

labor markets 371

marginal revenue 191, 224

Association 409

marginal utility 140, 520

natural monopoly 246, 268

Marginal utility per dollar 143

Natural Resources (Land and

market 19, 265, 398

Raw Materials) 162

market economy 19, 37, 309

negative externalities 439

market failure 286

market price 239

market share 262

market structure 188

negative externality 283

negative slope 503

non-rival 316

nonexcludable 316

marketable permit program

Nontariff barriers 473

288

maturity date 416

normal good 56

normal goods 128, 146

maximizing utility 143

normative statements 39

labor-leisure budget constraint

median 506

North American Free Trade

363

median voter theory 442

Agreement (NAFTA) 479, 490

labor-leisure diagram 526

Medicaid 362, 369
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