Page 35 - Bus101FlipBook
P. 35

CH 2]                                 Business 101                                     2-1










                                                      Chapter 2                                               2







             Economics—A Primer





             Objectives

                       Master the material in this chapter and you will be able to:


                        1.  Describe macroeconomics and microeconomics.

                        2.  Define and explain the three levels of productivity.

                        3.  Define inflation and unemployment and explain  how
                            monetary and fiscal policy are used to control them.

                        4.  How is the equilibrium price determined by supply  and
                            demand.

                        5.  Discuss how business is affected by the federal deficit.

                        6.  Explain how American business can retain its leadership
                            position in worldwide competition.

























                                                                               Copyrighted Material
   30   31   32   33   34   35   36   37   38   39   40