ECON104 Final Exam TIERNEY © 2014 1 ECON104 Final Exam -- Version A Please check each box to indicate that you have read and followed each of the directions listed below: Fill in your name, user ID, and ID # below. Fill in your ID # on you scantron. If you do not do this you will lose 5 points. Fill in your Version Letter on you scantron. If you do not do this you will lose 5 points. Use pencil only on your scantron. You cannot use any notes, textbooks, or other outside materials. You may use a non-programmable calculator (no cell phones, no iPads, no laptops, no calculators that you can program in like a financial calculator or TI-84+) Put your cell phone on silent mode and keep it in a bag or in your pocket. Hoods, sunglasses, and earphones may not be worn during the exam. NO questions will be answered during the exam. I have personally taken this exam five times and guarantee no typos and there is a right answer for every question. You cannot start this exam until instructed to do so. I have read the exam information & instructions below Exam Information & Instructions 1. The following exam is out of 300 points and accounts for 30% of your overall grade in this course. 2. Please take your time and read all questions thoroughly. 3. You have 110 minutes to complete this exam. 4. The exam consists of 61 multiple choice questions each worth 5 points resulting in 5 points EC. 5. DO NOT start this exam until instructed to do so. 6. You must read and sign the statement below before starting this exam. Name (First and Last): ___________________________________________ E-mail ID: [email protected] PSU ID: 9- __________________ I __________________________________ (print your name) promise to uphold Penn State’s honor code and will not cheat in any way, shape, or form on this exam. I understand that any form of cheating will result in a zero percent on this exam & possible additional punishment. XX ___________________________________ (Signature) ________________ (Date)
ECON104 Final Exam TIERNEY © 2014 2 Multiple Choice (300 pts; 5 pts each) Identify the choice that best completes the statement or answers the question. Record that answer on your scantron. 1) Refer to Figure 10-2. Which of the following is consistent with the graph depicted above? 1) _______ A) The government runs a budget surplus. B) There is a shift from an income tax to a consumption tax. C) An expected expansion increases the profitability of new investment. D) New government regulations decrease the profitability of new investment.
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