S

  • Safety, worker safety example, 637, 658659

  • Sales prices, Heinz ketchup example, 409, 442443

  • Sales taxes

    • policies creating wedge between supply and demand curves, 303

    • tariffs compared with, 315

    • welfare effects of, 303305

  • Sales taxes, equilibrium effects

    • ad valorem taxes and specific taxes having similar effects, 4647

    • effect same regardless of who is taxed, 43

    • overview of, 41

    • of specific taxes, 4142

    • who pays, 4344

  • Salience, in behavioral economics, 9798

  • Savings

    • interest rates and, 553

    • for retirement, 546547

  • SC (Scope economies). See Economies of scope

  • Scale, returns to. See Returns to scale

  • Scarce resources. See also Resources, exhaustible, 13

  • Scarcity

    • maximizing subject to constraints, 56

    • prices of exhaustible resources and, 559

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