Quiz 1 - Answer Key.pdf - GSBA511 Akbulut Marshall School...

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GSBA511 Akbulut Marshall School of Business Fall 2016 Quiz 1 Instructions: You have 30 minutes to complete this exam. There are 10 multiple choice questions and 1 short answer question with 3 parts. The maximxmi total score is 24 points. Good luck! Student's Full Name:
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Part I: 10 Multiple Choice Questions (20 pts.) Figure 1 Food products Plastic products PPF Figure 1 shows points on three different production possibilities frontiers for a nation. 1. iiit^ i?e/er to F/gwre 7: Consider the following events: . iis n L I. an increase in the unemployment rate —^ j uh A general technological advancement a decrease in consumer wealth pi"fldv)c4lcvt biiiTiCS Which of the events listed above could cause a movement from Wto F? ^ II. III. eperciti Ov\ uotv PPF © y I. only b. I. and II. only c. II. and III. only d. I., II., and III. 2. Refer to Figure 1. A movement from 7to Z ^ ^ 4o X a. represents an increase in the demand for plastic products. ^ viV \iJif y b. could occur because of general technological advancements."^ * ' c. is the result of advancements in food production technology. ■—^ ^ © is the result of
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