Exam_1_FA2005

Exam_1_FA2005 - ECO 111 Fall 2005 Prof. Fox-Kean EXAM 1...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
ECO 111 Fall 2005 Prof. Fox-Kean EXAM 1 THIS EXAM HAS THREE PARTS: PART I – MULTIPLE CHOICE – 30 POINTS – 10 QUESTIONS PART II – TRUE OR FALS – 30 POINTS – 6 QUESTIONS PART III – SHORT ANSWER – 40 POINTS – 4 QUESTIONS Write all of your answers in your blue book. Be sure to show all work. In Part II, you MUST explain and show any work to receive credit! Before you start, be sure your exam has all 5 pages. Be sure your cell phone/pager is in the off position. IF YOUR PHONE RINGS OR VIBRATES YOU WILL BE ASKED TO TURN IN YOUR EXAM AND LEAVE. When you finish, turn in your blue book. You will NOT be allowed to leave during the exam. You may use a calculator that has been approved by the instructor. You may begin when the instructor announces that the exam has started. You will have until 9:20 AM to complete the exam. IF YOU HAVE ANY QUESTIONS DURING THE EXAM, RAISE YOUR HAND AND THE INSTRUCTOR WILL COME TO YOU. BE SURE TO WRITE LEGIBLY AND IN COMPLETE SENTENCES. I CANNOT GRADE WHAT I CANNOT READ! 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
PART I. MULTIPLE CHOICE For each of the following indicate the correct answer by writing the appropriate letter in your blue book. 1. Last year, Sheila bought 6 pairs of shoes when her income was $40,000. This year, her income is $50,000 and she purchased 10 pairs of shoes. All else constant, it is obvious that Sheila a. prefers shoes to boots. b. considers shoes to be an inferior good.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

Exam_1_FA2005 - ECO 111 Fall 2005 Prof. Fox-Kean EXAM 1...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online