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University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. The marginal product of labor is the change in:A) labor divided by the change in total product.B) total output divided by the change in the quantity of labor.C) average output divided by the change in the quantity of labor.D) total
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. The short-run supply curve for a perfectly competitive firm is:A) the average total cost curve above the break-even price.B) the average variable cost curve above the shut-down price.C) the marginal cost curve above the break-even pr
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _Use the following to answer question 1:Figure: Monopolist1. (Figure: Monopolist) The deadweight loss associated with this monopoly can bemeasured as the area:A) 1/2(P1 P2)(Q2 Q1).B) 1/2(P2 P4)(Q4 Q2).C) 1/2(P1 P3)Q3.D) 1/2(P1 P3)Q2.
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. A situation in which a player has an incentive to cheat regardless of what the otherplayer does, and in which, if both players act in this manner, both players will be worseoff, is referred to as:A) prisoners' dilemma.B) tit-for-tat
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. Advertising is an economically productive activity and not a waste of resources because:A) advertisements increase sales.B) advertisements can convey information about the product.C) advertisements can signal that firms are desperate
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. To encourage young people to go to college within their home state, state universitiescan:A) charge higher tuition to in-state students.B) award special scholarships to out-of-state students.C) offer high-interest loans to in-state
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _Use the following to answer question 1:Scenario: Linear PPFLargetown has a linear production possibility frontier and produces socks and shirts. The tablebelow shows the number of units of labor necessary to produce one sock or one shir
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. Suppose that more police and security workers become aware that wearing bulletproofvests can protect them from injury and decide to start wearing bulletproof vests. At thesame time, the price of ceramics used to produce the vests fall
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _Use the following to answer question 1:Figure: Market for Hamburgers1. (Figure: Market for Hamburgers) The figure shows the weekly market for hamburgers atthe Tasty Burger Palace. If the price of a hamburger is $1.20 and 300 hamburgers
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. A price floor in the market for wheat:A) increases the price paid by consumers.B) decreases the price paid by consumers.C) decreases the price received by farmers.D) does not change the price received by farmers.Use the following t
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _Use the following to answer question 1:1. (Table: Johnson's Income and Expenditures) Johnson's income elasticity of demand formagazines is:A) negative.B) 0.C) greater than 0 but less than 1.D) 1.2. The price elasticity of a good wil
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. If the government imposes a $5 excise tax on the sale of leather shoes collected from thesupplier and the price of leather shoes increases by $2,:A) the government will receive less tax revenue than anticipated.B) consumers are payin
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _Use the following to answer question 1:1. (Table: Production Possibilities for Machinery and Petroleum) The table shows thenumber of units of machinery each country would have to forgo in order to produce theadditional petroleum indicat
University of Illinois, Urbana Champaign - ECON 102 - 102
Name: _ Date: _1. In practice, insurance companies faced with adverse selection use which of thefollowing strategies to deal with it?A) moral hazardB) deductiblesC) signalsD) co-paysUse the following to answer question 2:2. (Table: Choice with Unc
Simon Fraser - LING - 100
LING 100Sample Questions for Exam 1Exam Date, Time, and Room #Exam one is on Tuesday, Feb. 21, 2012, from 10:30 to 11:20 a.m. in our regular room B9200.What will be Covered?Exam 1 will cover all material up to and including week 6s readings as indica
Simon Fraser - LING - 100
Linguistic Variation andLanguage ChangeLING 100/Dr. Ivelina TchizmarovaLinguistic Variation No two individuals use a language in exactlythe same way. The vocabulary and phrases people use arelinked to where they live, their age,educationlevel, so