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Questions and Answers
Why does Skousen believe a new textbook is needed?
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?
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?
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)
