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I would like to thank my colleagues at Central Washington UniversityTim Dittmer, David Hedrick, Koushik Ghosh, Tyler Prante, Peter Saunders, Thomas Tenerelli, Chad Wassellfor their advice and help while I was preparing the manuscript. I am also indebted to Shirley Hood who provided advice in the manu- scripts preparation.

It has been a pleasure to work with the staff of South-WesternMike Worls, Katie Yanos and Lena Mortiswho provided many valuable suggestions and assistance in see- ing this edition to its completion. Thanks also go to Jennifer Ziegler and Jean Buttrom, who orchestrated the production of this book in conjunction with Mary Stone, project manager at PreMediaGlobal. I also appreciate the meticulous efforts that Jonathan Moore did in the copyediting of this textbook. Moreover, Keri Witman and Betty Jung did a fine job in advertising and marketing the thirteenth edition. Finally, I am grateful to my students, as well as the faculty and students at other universities, who provided helpful comments on the material contained in this new edition.

I would appreciate any comments, corrections, or suggestions that faculty or stu- dents wish to make so I can continue to improve this text in the years ahead. Please contact me! Thank you for permitting this text to evolve to a thirteenth edition.

Bob Carbaugh Department of Economics Central Washington University Ellensburg, Washington 98926 Phone: (509) 9633443 Fax: (509) 9631992 Email: Carbaugh@cwu.edu

Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it.

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