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able ACCT action actually alternative amount answer assets assume automobile basic benefits borrow British pounds buyers buying power capital choice comparative advantage consumer consumption course decrease discussion earnings economic economic shortage economist equilibrium example exchange exist expect factors of production Figure free market future going happen important income increased industry inflation interest rate investment involved kind labor lender less loan market baskets means methadone money supply Motors Corporation operation opportunity cost paid payment percent pollution possible potential probably Problems for Chapter profits property rights purchasing power quantity demanded quantity supplied Questions and Problems rational reduce scarce sell seller simple someone specialization spend supplied and demanded talking tend things trade transactions transactions costs transistors U.S. dollars unemployment Venn diagrams wages willingness and ability