Examines capital
and the role it plays in the production of goods
and services in the economy. The concluding section
puts forth the “crowding out” story
of federal deficits.
Introduces the critical role entrepreneurs play in the economy and highlights the accomplishments of well-known entrepreneurs featured in profiles throughout the text.
Looks at
the Federal Reserve and its role in maintaining
an effective and efficient payments system, supervising
and regulating banking operations and conducting
the nation's monetary policy. Text | PDF
Looks at the meaning of “free
enterprise” and examines the four components
of a free enterprise system, households, businesses,
markets and governments. Text | PDF
Discusses the increasing integration of the world's economies through the flow of goods, money and people across national borders. Includes a discussion of foreign currency exchange and a timeline of innovations that furthered globalization. Text | PDF (9.34 MB)
Examines the benefits of specialization and trade, using the economic principles of absolute and comparative advantage. It also discusses protectionism and worldwide efforts to open trade. Text | PDF (8.6 MB)
Examines labor
and its role in the production of goods and services.
It looks at what affects the labor market, as well
as what role the Fed and government play.
Explores money
as a medium of exchange and how banks "create"
money when they lend it. Also discusses the Federal
Reserve's role in promoting economic growth without
inflation. Text | PDF
