Essentials of Economics

Krugman, Paul; Wells, Robin

4th ed.

New York: Worth Publishers, Macmillan Learning, 2017

p. 230

The explosive growth of shopping apps that allow you to immediately compare prices and make a purchase (TheFind), give you access to thou-sands of coupons (Coupons.com), and alert you to discount sales at nearby stores (SaleSorter), has struck terror in the corporate offices of traditional retailers.

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p. 331

Canada has a single-payer system: a health care system in which the government acts as the principal payer of medical bills funded through taxes.

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p. 190

With SMART Grid technology, consumers save money by basing their demand for electricity on marginal cost rather than average cost.

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p. 475

Some economic analysts warned that the stimulus bill, as the Recovery Act was commonly called, would drive up interest rates and Marease the burden of national debt.

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p. 272

A firm engages in strategic behavior when it attempts to influence the future behavior of other firms.

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p. 609

So the company reinvented itself: rather than being a simple broker, it became a "supply chain manager." Not only would it allocate production of a good to a manufacturer, it would also break production down, allocate production of the inputs, and then allocate final assembly of the good among its 12,000+ suppliers around the globe.

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p. 172

When a lot of people are looking for a carxguiollargxsuch as during a snowstorm or on New Year’s EvexguiollargxUber uses what it calls surge pricing, setting the rate higher until everyone who wants a car at the going price can get one.

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p. 429

Sustainable long-run economic growth is long-run growth that can continue in the face of the limited supply of natural resources and the impact of growth on the environment.

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