{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

2006 First prelim without answers

2006 First prelim without answers - Name Section Number...

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

View Full Document Right Arrow Icon
Name: First Prelim ECON 102 – 2 March 2006 Section Number: Part 1: Multiple Choice Questions This exam counts 7 pages: 20 multiple choice questions, 5 short answer questions and 3 essay questions (Total points: 40) Each question is 1 point. 1. Due to a demand curve which ____ , the prices of roses could be expected to go ____ the day before Valentine ’s Day a) shifts in and becomes more steep, down b) shifts in and becomes more steep, up c) shifts out and becomes more steep, up d) shifts out and becomes more flat, up 2. In the short-run supply for agriculture products can be expected to be rather ____ , in the long run however, the supply curve can be expected to ____ . a) inelastic, become more steep b) inelastic, become more flat c) elastic, become more flat d) elastic, become more steep 3. GDP, or Gross Domestic Product, is (most precisely) defined as 4. What would not be included in the GDP of the US? 5. The production output of Coca-Cola’s company in China is part of ____. The profits of the company which are repatriated to the US on the other hand are part of US ____ but not US ____ 6. The vegetables grown and eaten by farmers on their farms in Kenya are included in: a) Kenyan GDP b) Kenyan GNP 1
Image of page 1

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

View Full Document Right Arrow Icon
Name: First Prelim ECON 102 – 2 March 2006 Section Number: c) Nominal GDP d) None of the above 7. Who are included in the number of unemployed people in the US?
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern