Final151-171-04

Final151-171-04 - Econ 171/EEP 151 Fall 2004 Alain de...

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Econ 171/EEP 151 Alain de Janvry Fall 2004 Xiangyi Meng and Jenny Liu Final Examination Three hours. Scores add up to 100 points. 40% of course grade. Use back side of page if needed. Your name:___________________________________ Your SID_________________________________ Part I. Define 8 out of the following 10 concepts. 5 points each for a total of 40. In each case, give a definition of the concept that explains what it means. Do not answer more than 8. Use only a few sentences and a graph or formula if needed. 1. Innovation Possibility Frontier 2. Transitory poverty 3. Pareto optimality after compensation 1 8/27/07
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4. Open access resource 5. Wealth constrained market 6. Covariate risk 7. Effective protection coefficient 2 8/27/07
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8. Price band on the labor market 9. Risk coping instrument 10. Moral hazard in behavior 3 8/27/07
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Part II. Say if true or false, and briefly explain why. Select any 5 of the following 6 statements (6 points each, for a total of 30 points) (Do not answer more than 5)
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Final151-171-04 - Econ 171/EEP 151 Fall 2004 Alain de...

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