Chapter 1

What Is Economics?

Why does public discussion of economic policy so often show the abysmal ignorance of the participants? Why do I so often want to cry at what public figures, the press, and television commentators say about economic affairs?
Robert M. Solow

Map 1
Detailed Road Map of Los Angeles

Map 2
Major Los Angeles Arteries and Freeways

Map 3
Greater Los Angeles Freeways

Figure 1
A Hypothetical Demand Curve for Natural Gas in St. Louis

Table 1
Quantities of Natural Gas Demanded at Various Prices

Figure 2
Different Types of Slope of a Straight-Line Graph

Figure 3
How to Measure Slope

Figure 4
Behavior of Slopes in Curved Graphs

Figure 5
How to Measure Slope at a Point on a Curved Graph

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Figure 6
Rays Through the Origin

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Figure 7
A Geographic Contour Map

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Figure 8
An Economic Contour Map

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