SCARCITY, CHOICE, AND ECONOMIC SYSTEMS （稀缺性、选择和经济系统）.pdfVIP

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SCARCITY, CHOICE, AND ECONOMIC SYSTEMS （稀缺性、选择和经济系统）.pdf

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SCARCITY, CHOICE, AND ECONOMIC SYSTEMS （稀缺性、选择和经济系统）

CHAPTER 2 SCARCITY, CHOICE, AND ECONOMIC SYSTEMS ™ CHAPTER OUTLINE The Concept of Opportunity g Cost Opportunity Cost for Individuals Opportunity Cost and Society n Production Possibilities Frontiers The Search for a Free Lunch i Economic Systems Specialization and Exchange n Resource Allocation hat does it cost you to go to the movies? If you answered eight or nine Resource Ownership dollars, because that is the price of a movie ticket, then you are leaving r Types of Economic Systems Wout a lot. Most of us are used to thinking of “cost” as the money we must Using the Theory: Are We pay for something. A Big Mac costs $2.50, a new Toyota Corolla costs $15,000, a Saving Lives Efficiently? and the baby-sitter costs $8.00 an hour. Certainly, the money we pay for a good or service is a part of its cost. But economics takes a broader view of costs, recogniz- e ing monetary as well as nonmonetary components. L THE CONCEPT OF OPPORTUNITY COST The total cost of any choice we make—buying a car, producing a computer, or even reading a book—is everything we must give up when we take that