Economics (McConnell), 18th Edition

Chapter 4: The U.S. Economy: Private and Public Sectors

IN THIS CHAPTER YOU WILL LEARN:

1. Important facts about U.S. households and U.S. businesses.



2. Why the corporate form of business organization dominates sales and profits.



3. The problem that arises when corporate owners (principals) and their managers (agents) have different interests.



4. About the economic role of government in the economy.



5. The categories of government spending and the sources of government revenues.