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Discover Your Career Path
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Discover Your Career Path

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Questions and Answers

Why does Skousen believe a new textbook is needed?

  • Economists have turned inward and disconnected from noneconomists
  • There is a lack of textbooks for business majors
  • Students struggle to understand the production-possibility curve
  • Current textbooks are too theoretical (correct)

    • What does Skousen's textbook begin with, according to the text?

  • An analysis of bankruptcies and going public
  • An explanation of downsizing and upsizing
  • A profit-and-loss income statement (correct)
  • The production-possibility curve

    • What does McElroy believe is the problem with economists, according to the text?

  • They have become too self-absorbed and disconnected from noneconomists
  • They focus too much on publications and conversations with each other
  • They lack a healthy regard for educating noneconomists
  • All of the above (correct)

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