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The Economic Way of Thinking
⇨ The Economic Way of Thinking — 13e — Heyne, Boettke, Prychitko
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The Economic Way of Thinking
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"30 people camp on the sidewalk in 10 degree weather for Phish reunion concert tickets, sold only at
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"A doubling of the price of gasoline in the 1970s did not reduce consumption one iota." The person m
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"Coffee Prices Sink As Demand Falls." The newspaper heading
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"Dad said he'd pay for my education whether I go to State or to Ivy College. So I chose Ivy College,
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"Demand deposits" in commercial banks are
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"Gasoline purchases were up 10% last week, even though gasoline prices were 6 cents higher than the
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"I'd rather have $100 now than wait for $100 six months from now." This person
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"I'm telling you, instead of charging $50 each, they could give the opera tickets away for free, and
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"Lady Gaga concert sells out. 60,000 tickets sold." What can an economist conclude from the above he
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"Less demand causes lower prices, and lower prices cause more demand." The above statement shows
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"Loss" is another word for
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"Market clearing" refers to the case where
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"Material" wealth cannot be distinguished in any useful way from wealth (with no modifying adjective
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"My son is a smart entrepreneur. Rather than borrow money from others, he used his own savings to st
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"Opportunity cost" is
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"Opportunity cost" is
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"Price gouging," or significant price spikes, are typical caused by
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"The Florida freeze has destroyed 40% of the orange crop. The reduction in supply will increase oran
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