Vice President, Editorial: Charles Linsmeier

Associate Publisher: Steven Rigolosi

Executive Development Editor: Sharon Balbos

Marketing Manager: Thomas Digiano

Media Editor: Lukia Kliossis

Editorial Assistant: Carlos Marin

Director of Editing: Tracey Kuehn

Production Manager: Barbara Seixas

Associate Managing Editor: Lisa Kinne

Coordinating Editor: Debbie Smith of First Folio Resource Group Inc.

Managing Editor: Julie Kretchman of First Folio Resource Group Inc.

Developmental Editor: Bradley T. Smith of First Folio Resource Group Inc.

Art Director: Babs Reingold

Interior Designer: Babs Reingold

Cover Designer: Kevin Kall

Copy Editor: Arleane Ralph

Photo Editor: Cecilia Varas and Maria DeCambra

Photo Researcher: Elyse Rieder and Maria DeCambra

Composition: Kim Hutchinson of First Folio Resource Group Inc.

Printing and Binding: RR Donnelley

ISBN-13: 978-1-4292-4005-5

ISBN-10: 1-4292-4005-9

Library of Congress Control Number: 2012930398

© 2014, 2006 by Worth Publishers

All rights reserved.

Printed in the United States of America

First printing 2014

Worth Publishers

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Text Credits

Chapter 6, Source information for “Economics in Action” on page 181: Department of Finance Canada, Air Travel Demand Elasticities: Concepts, Issues and Measurement, www.fin.gc.ca/consultresp/Airtravel/airtravStdy_-eng.asp. Chapter 11, Source information for “Economics in Action” on pages 352–353: www.ercb.com, Dr. Dobb’s Electronic Review of Computer Books. Chapter 16, Source article for “Economics in Action” on page 495: M. Gross, J. L. Sindelar, J. Mullahy, and R. Anderson, Policy Watch: Alcohol and Cigarette Taxes, Journal of Economic Perspectives, 7, 211–222, 1993. Chapter 19, Source information for “For Inquiring Minds” box on page 573: Nancy Stokey, A Quantitative Model of the British Industrial Revolution, 1780–1850. Carnegie-Rochester Conference Series on Public Policy, 55, 55–109, 2001. Chapter 20, Source article for “For Inquiring Minds” box on page 620: Joe Nocera, “Can We Turn Off Our Emotions When Investing?” New York Times, September 29, 2007. Retrieved from: http://www.nytimes.com/2007/09/29/business/29nocera.html?r=1&scp=1&sq=nocera%20Zweig&st=cse&oref=slogin.

To beginning students everywhere,
which we all were at one time.

And, to Sophia & Jon and
Dora, Alena, & Hanna

Iris & Jack