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Chapter 5 asks the question, "What makes a perfect parent?" Chapter 18: The Economics of the Environment. Midterm exam 1 covers material from the beginning of the course: Unit 1: Supply and Demand; Unit 2: Consumer Theory; The exam tests your conceptual, mathematical and graphical understanding of the material covered in this portion of the course. 3rd Hour Quizlet. Microeconomics: Principles, Applications, and Tools (8th Edition) answers to Chapter 2 - The Key Principles of Economics - Exercises - 2.1 The Principle of Opportunity Cost - Page 43 1.1 including work step by step written by community members like you. Create a free account to save it. The price elasticity of demand for this product is approximately: a. ... Unit 2 Vocab List. Maximizing the Net Benefits of Pollution; Alternatives in Pollution Control; Review and Practice; Chapter 19: Inequality, Poverty, and Discrimination. ... 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