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CSE 3.8 The net gain of transfer recipients is less, and often substantially less, than the amount they receive.

CSE 1.2 All choices involve costs.

CSE 1.10 Production of goods and services people value, not just jobs, provides the source of high living standards.

CSE 1.6 Prices bring the choices of buyers and sellers into balance

CSE 3.7 When governments become heavily involved in providing favors to some at the expense of others, inefficiency results and improper, unethical relationships develop.

CSE 2.3 Minimal regulation: Regulations that increase market competitiveness or support voluntary exchange spur progress.

CSE 1.1 Incentives matter.

CSE 1.2 All choices involve costs.

CSE 1.3 Decisions are made at the margin.

CSE A. Demand, Supply, and Equilibrium

CSE 3.4 Allocation through political voting is fundamentally different from market allocation.

CSE 1.3 Decisions are made at the margin.

CSE 1.2 All choices involve costs.

CSE 1.2 All choices involve costs.

CSE 3.1 Government promotes economic progress by protecting the rights of individuals and supplying a few goods that are difficult to provide through markets.

CSE 2.1 Legal system: The foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an even-handed manner.

CSE 1.3 Decisions are made at the margin.

CSE 1.7 Profits direct businesses toward productive activities that increase the value of resources, while losses direct them away from wasteful activities.

CSE 2.7 Free trade: People achieve higher incomes when they are free to trade with individuals in other countries.

CSE 1.9 Mistakes and misconceptions in economic analysis often occur because of failure to consider long-term consequences and secondary effects.

CSE F Greed Is Not Good, and It’s Not Capitalism

CSE 1.10 Production of goods and services people value, not just jobs, provides the source of high living standards.

Extracting natural gas from land without causing environmental harm is possible.

CSE 1.2 All choices involve costs.

CSE 3.4 Allocation through political voting is fundamentally different than market allocation.