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1、真诚为您提供优质参考资料，若有不当之处，请指正。Chapter1Scarcity(缺乏): the limited nature of societys resources.Economics: the study of how society manages its scarce resources.Efficiency: the property of society getting the most it can from its scare resources.Equality: the property of distributing economic prosperity fair
2、ly among the members of society.Opportunity cost(机会成本): whatever must be given up to obtain some item.Rational people: people who systematically and purposefully do the best they can to achieve their objectives.Marginal changes(边际变量)：small incremental(增加的) adjustments to a plan of action.Incentive:
3、something that induces a person to act.Market economy(市场经济):an economy that allocates resources through the decentralized decisions of many firms and households as they interact in markets for goods and services.Property rights(产权): the ability of an individual to own and exercise control over scarc
4、e resources.Market failure(市场失灵)：a situation in which a market left on its own fails to allocate resources efficiently.Externality(外部性): the impact of one persons actions on the well-being of a bystander.Market power(市场势力): the ability of a single economic actor(or a small group of actors) to have a
5、 substantial influence on market prices. 如：垄断 monopolyProductivity: the quantity of goods and services produced from each hour of a workers time.Inflation: an increase in the overall level of prices in the economy.Business cycle: fluctuations(起伏) in economic activity, such as employment and producti
6、on.5 / 5Chapter2Circular-flow diagram(循环流动图): a visual model of the economy that shows how dollars flow through markets among households and firms.Production possibilities frontier(生产能力边界线)：a graph that shows the combination of output that the economy can possibly produce given the available factors
7、 of production and the available production technology.产出的组合 ，经济可能产生的可用因素的生产和现有的生产技术.Positive statements(实证表述)：claims that attempt to describe the world as it is.Normative statements(规范表述)：claims that attempt to prescribe how the world should be.Import：goods produced abroad and sold domestically. Ex
8、port：goods produced domestically and sold abroad.Chapter3Absolute advantage(绝对优势): the ability to produce a good using fewer inputs than another producer.（比较的是生产量）Comparative advantage(比较优势)：the ability to produce a good at a lower opportunity cost than another producer.(比较的是机会成本)Chapter4Market： a g
9、roup of buyers and sellers of a particular good or service.Competitive market(竞争市场): a market in which there are many buyers and many sellers so that each has a negligible(可以忽略的) impact on the market price.Quantity demanded(需求量)：the amount of a good that buyers are willing and able to purchase.Law o
10、f demand: the claim that, other things equal, the quantity demanded of a good falls when the price of the good rises.Demand schedule(需求一览表): a table that shows the relationship between the price of a good and the quantity demanded.(表格)Demand curve: a graph of the relationship between the price of a
11、good and the quantity demanded.（曲线）Normal good: a good for which, other things equal, an increase in income leads to an increase in demand.Inferior good: a good for which, other things equal , an increase in income leads to a decrease in demand.Substitutes(代替者): two goods for which an increase in th
12、e price of one leads to an increase in the demand for the other. Compliments(互补品)：two goods for which an increase in the price of one leads to a decrease in the demand for the other.Quantity supplied(供给量): the amount of a good that sellers are willing and able to sell.Law of supply: the claim that,
13、other things equal, the quantity supplied of a good rises when the price of the good rises.(价格上升，供给量就会增加)Supply schedule: a table that shows the relationship between the price of a good and the quantity supplied.Supply curve: a graph of the relationship between the price of a good and the quantity s
14、upplied.Equilibrium: a situation in which the market price has reached the level at which quantity supplied equals quantity demanded.Equilibrium price: the price that balances quantity supplied and quantity demanded.Equilibrium quantity: the quantity supplied and the quantity demanded at the equilib
15、rium price.Surplus: a situation in which quantity supplied is greater than quantity demanded.(供给量大于需求量)Shortage：a situation in which quantity demanded is greater than quantity supplied.Law of supply and demand: the claim that the price of any good adjusts to bring the quantity supplied and the quant
16、ity demanded for that good into balance.Chapter 5Elasticity: a measure of the responsiveness of quantity demanded or quantity supplied to one of its determinants(决定因素).（how much consumers respond to changes in these variables）Price elasticity of demand(需求的价格弹性): a measure of how much the quantity de
17、manded of a good responds to a change in the price of that good, computed as the percentage change in quantity demanded divided by the percentage change in price. （quantity responds to a change in price）Total revenue: the amount paid by buyers and received by sellers of a good, computed as the price
18、 of the good times the quantity sold.Income elasticity of demand: a measure of how much the quantity demanded of a good responds to a change in consumers income, computed as the percentage change in quantity demanded divided by the percentage change in income.Cross-price elasticity of demand: a meas
19、ure of how much the quantity demanded of one good responds to a change in the price of another good, computed as the percentage change in the quantity demanded of the first good divided by the percentage change in the price of the second good.Price elasticity of supply（供给的价格弹性）:a measure of how much
20、 the quantity supplied of a good responds to a change in the price of that good, computed as the percentage change in quantity supplied divided by the percentage change in price. (quantity supplied responds to changes in the price)Chapter6Price ceiling: a legal maximum on the price at which a good can be sold.Price floor: a legal minimum on the price at which a good can be sold.Tax incidence(税收归宿)：the manner in which the burden of a tax is shared among participants in a market.