fin_practice - Simon Fraser University Department of...

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Simon Fraser University Prof. Karaivanov Department of Economics Econ 355, Fall 2010 Final Exam Practice Questions These are practice problems of similar type and di culty to those that may appear on the fi nal exam. Please note that this is not an assignment and you do not have to write and submit solutions to these questions. This set of problems focuses on material covered after the midterm, review the “midterm practice questions” (posted earlier) for the previous material. This is not a practice fi nal — the number of questions in the actual exam will be smaller. I. TRUE/FALSE (answer in 5 lines or less; correct answers without justi fi cation will receive zero credit) 1. The share of rural population in the world in 2010 exceeds 50% of the total world population. 2. In the Harris—Todaro model rural-urban migration would not occur if there is substantial urban unemployment. 3. The social rate of return to education typically exceeds the private rate of return to education. 4. Child labor is unambiguously bad and should be banned in all circumstances. 5. Mutual insurance can diversify away village-level income shocks but not shocks to indi- vidual incomes. 6. Sharecropping is not optimal for both tenants and landlords because more agricultural output can be grown using a fi xed rent contract.
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