There are 77 entries in the WEB*pedia starting with the letter I.

Entries 1 through 35:

• impact lag
• imperfect competition
• implementation lag
• implicit collusion
• implicit cost
• implicit logrolling
• import quotas
• imports
• imports line
• in-kind payments
• incentive
• income change, utility analysis
• income earned but not received
• income effect
• income elasticity of demand
• income received but not earned
• increasing-cost industry
• increasing marginal returns
• increasing returns to scale
• indeterminant
• Index of Consumer Sentiment
• indirect business taxes
• induced consumption
• induced expenditures
• induced government purchases
• induced imports
• induced investment
• induced net exports
• induced saving
• industry
• inefficient
• inelastic
• inelastic demand
• inelastic supply
• inferior good

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Upon leaving Scarcity Stan's Bakery Shoppe and Confectionery Palace our pedestrian's excursion drops into Mega-Mart Discount Warehouse Super Center. A quick tour of this mecca of mass production -- lasting no more than three days -- is likely to reveal within the 20 gadzillion square feet of floor space a number of sales racks, shelves, and tables filled with merchandise marked down for clearance. A prominently displayed sign on one sales rack boldly declares that the regular $24.99 price has been drastically reduced, for this week only, to $3.98. What a bargain! What a sale! We have the chance -- "for a limited time only" -- to get stuff valued at $24.99 for only $3.98! With a bargain like this, how can we lose?

It's easy to lose, if you don't understand the concept of value. Most of us have several "bargains" stored away in the attic, closet, or garage that never have seen, and probably never will see, anything resembling use. What seemed like a great "bargain" at the store, does nothing but occupy space at home. (By the way, does anyone have use for a distributor cap for a 1949 Ford?)
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Visit the PEDestrian's Guide

Today, you are likely to spend a great deal of time at a garage sale looking to buy either an extra large beach blanket or a large flower pot shaped like a Greek urn. Be on the lookout for letters from the Internal Revenue Service.
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This isn't me! What am I?

-- Igor Stravinsky, violinist

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