Excerpt from Exercises and Problems in Economics to Accompany Thompson's Elementary Economics These fundamental principles have guided the preparation of Thompson's Elementary Economics, from which the exer cises and problems that follow are taken. For obvious reasons these exercises and problems are divided into three groups. Group A calls for some knowledge of textbook facts; group B requires investigation and observation on the part of the student; while group C demands simple, deductive reasoning. Consequently, each teacher can, with a minimum of trouble and time, choose the method or methods of approach which seem to be the most desirable in each class or with each indi vidual pupil. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.