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Test Bank for Economics Private and

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Description
Learn how to apply microeconomic concepts to today’s real world as
MICROECONOMICS: PRIVATE AND PUBLIC CHOICE, 16E reflects current economic
conditions. This highly readable, up-to-date text analyzes and explains measures
of economic activity in today’s market and dispels common microeconomic
myths. The book uses the "invisible hand" metaphor to explain economic theory,
demonstrating how it works to stimulate the economy. This edition even includes
online learning solutions, such as Aplia, to improve your learning. Graphing
tutorials and videos embedded within the interactive reader support your
classroom work and improve your performance.

About the Author


James D. Gwartney holds the Gus A. Stavros Eminent Scholar Chair at Florida
State University. His writings have been widely published in both professional
journals and popular media. He is a co-author of COMMON SENSE ECONOMICS:
WHAT EVERYONE SHOULD KNOW ABOUT WEALTH AND PROSPERITY, a primer on
economics and personal finance. Dr. Gwartney�s current research focuses on
the measurement and determination of factors that influence cross-country
differences in income levels and growth rates. Using this research, he is the co-
author (with Robert Lawson, Joshua Hall, and Ryan Murphy) of the annual report,
Economic Freedom of the World, which provides information on the institutions
and policies of 162 countries. This data set, published by a worldwide network of
institutes in 90 countries, is widely used by scholars investigating topics ranging
from economic growth to peaceful relations among nations. Dr. Gwartney served
as chief economist of the Joint Economic Committee of the U.S. Congress during
1999-2000. In 2004, he received the Adam Smith Award of the Association of
Private Enterprise Education for his contributions to the advancement of free
market ideals. He is a past president of both the Southern Economic Association
and the Association for Private Enterprise Education. He earned his Ph.D. in
economics from the University of Washington.
Richard L. Stroup is professor emeritus of economics at Montana State University
and professor emeritus of economics at North Carolina State University. He
earned his Ph.D. from the University of Washington. From 1982 to 1984, Dr.
Stroup served as director of the Office of Policy Analysis at the U.S. Department of
the Interior. He has published and lectured on topics such as global warming, land
use regulation, archaeology and environmental policy improvements. His research
has helped to develop the approach known as free market environmentalism. Dr.
Stroup co-authored COMMON SENSE ECONOMICS: WHAT EVERYONE SHOULD
KNOW ABOUT WEALTH AND PROSPERITY with Dr. Gwartney. In addition, he has
published ECONOMICS: WHAT EVERYONE SHOULD KNOW ABOUT ECONOMICS
AND THE ENVIRONMENT, which was sponsored by the Property and Environment
Research Center, which he co-founded.

Russell S. Sobel is professor of economics and entrepreneurship in the Baker


School of Business at The Citadel in Dr. Sobel's hometown of Charleston, South
Carolina. Dr. Sobel received his Ph.D. in economics from Florida State University in
1994. He serves as co-editor of the Southern Economic Journal and is a member
of the editorial boards for the peer-reviewed journal Public Choice and the
Journal of Entrepreneurship & Public Policy. Dr. Sobel has received numerous
awards for both his teaching and research, including the Kenneth G. Elzinga
Distinguished Teaching Award from the Southern Economic Association, the
Georgescu-Roegen Prize for Best Article of the Year in the Southern Economic
Journal and the Association of Private Enterprise Education Distinguished Scholar
Award. In addition, he received the Sir Antony Fisher International Memorial
Award for his book UNLEASHING CAPITALISM. He is the author or co-author of
more than 250 academic journal articles and books. His publications have
appeared in a wide variety of academic journals including the Journal of Political
Economy, Journal of Law and Economics, Public Choice, Journal of Business
Venturing, Small Business Economics and Economic Inquiry. His current recent
research focuses on the intersection of entrepreneurship and economic policy.

David A. Macpherson is the E.M. Stevens Distinguished Professor of Economics


and economics department chair at Trinity University. Previously, he served as
director of the Pepper Institute on Aging and Public Policy and was the Rod and
Hope Brim Eminent Scholar of Economics at Florida State University, where he
received two university-wide awards for teaching excellence. He has taught
courses on the principles of microeconomics, money and banking, econometrics
and labor economics. Dr. Macpherson is an applied economist whose research
focuses on real estate, pensions, discrimination, industry deregulation, labor
unions and the minimum wage. He has published more than 60 articles in leading
economics and real estate journals, including Review of Economic and Statistics,
Journal of Labor Economics, Journal of Human Resources, Industrial and Labor
Relations Review and Journal of Real Estate Economics and Finance. His research
has been funded by a variety of entities, including the National Science
Foundation, Florida Legislature and the National Association of Realtors. He is co-
author of the undergraduate labor economics text, CONTEMPORARY LABOR
ECONOMICS. Dr. Macpherson is included in WHO�S WHO IN ECONOMICS, which
features the 1,200 most frequently cited economists. Dr. Macpherson received his
undergraduate degree and Ph.D. from Pennsylvania State University.
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