Econ 101-Fall 2006 Midterm exam 1 October 9, 2006 Write your name: You have one hour and fifteen minutes to answer the exam. The exam contains 35 multiple choice questions; most of the questions are related, but with very few exceptions, each question can be answered separately. There are an undisclosed number of exam versions, with slight variations both in the questions and the ordering of the answers, in order to discourage you from being distracted by what your neighbors are doing. Be aware that the results of the test will be curved, so don’t panic if you feel that the exam is too difficult or too long: it would most likely be the case that the other students are also finding it too difficult or too long. You are allowed to use a calculator –even though you don’t really need one. You are NOT allowed to use any type of portable computer or communication device. Cheating is not tolerated.
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