248f03x1 - ALLEGHENY COLLEGE ECONOMICS 248 MIDTERM 1 FALL 2003 NAME PLEDGE You may take this exam in any open classroom on the second floor of

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ECONOMICS 248 MIDTERM 1 FALL 2003 NAME:__________________ PLEDGE:__________________ You may take this exam in any open classroom on the second floor of Quigley Hall. You may not leave the second floor of Quigley Hall with the exam. If you do so, you will automatically fail the exam. When I say “briefly” in the short answer questions, I mean something that is about 2 sentences long. 1. (3) People who are rational, by definition are: a. Maximizing their earnings. b. Maximizing their utility. c. Maximizing their leisure time. d. Minimizing the hours that they watch TV. e. (a) and (b) 2. (3) The burden of proof required for which of the following legal standards is the lowest? a. The Preponderance of the Evidence b. Clear and Convincing evidence c. Beyond a Reasonable Doubt d. All three require the same burden of proof. 3. (5) A friend of yours argues that adverse possession is immoral and should be outlawed. Provide a brief economic defense of adverse possession. 4. (3) In general, equitable relief is ______, while legal relief is ______. a. Backward looking; forward looking. b. Monetary payments; an injunction. c. Used in criminal cases; used in civil cases. d.
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This note was uploaded on 04/22/2008 for the course ECON 248 taught by Professor Nonnenmacher during the Fall '08 term at Allegheny.

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248f03x1 - ALLEGHENY COLLEGE ECONOMICS 248 MIDTERM 1 FALL 2003 NAME PLEDGE You may take this exam in any open classroom on the second floor of

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