PracticeMidterm1 (1)

PracticeMidterm1 (1) - EC 340 Issues in Public Economics...

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EC 340: Issues in Public Economics Instructor: Nathan Biemiller October 18, 2016 Practice Midterm 1 Name: Email: @uoregon.edu ID number: You have 80 minutes to complete this exam. There are ten multiple-choice questions, five true/false questions, five short-answer questions, and three analytical questions. This is a closed-note and closed-book exam. You may use a non-programmable calculator, a pencil or pen, and a ruler. Everything else (including bags, notebooks, etc.) must be stored under your seat for the remainder of the exam.
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EC 340: Issues in Public Economics Practice Midterm 1 October 18, 2016 Name: Multiple Choice (20 pts.) There are ten multiple choice questions in this section. Clearly circle exactly one answer for each question. Select the best of the possible alternatives. Each multiple choice question is worth 2 points. 1. The purpose of a model is to explain how the affect the . A. exogenous variables; endogenous variables. B. endogenous variables; exogenous variables. C. assumptions; exogenous variables. D. assumptions; endogenous variables. 2. Mercantilists believed that the government should 3. The spike seen in graphs of U.S. government employment and expenditure in the 1940s was caused by
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