final sample 1 - Final Exam Version 1 Page 1 Economics 101...

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

View Full Document Right Arrow Icon
Final Exam; Version 1 Page 1 Economics 101 Professor Hertel Final Exam 5/17/2007 Student Name: ____________________________ID# ______________ Discussion # _______ DO NOT BEGIN WORKING UNTIL YOU ARE TOLD TO DO SO. READ THESE INSTRUCTIONS FIRST. You have 120 minutes to complete the exam, which consists of 43 multiple-choice questions. The exam is worth 130 points. Each question is worth 3 points: you get 1 point for filling in the requested information correctly. Please answer the questions on your coding sheet with a #2 pencil. Be sure to fill in the coding sheet carefully and accurately. How to fill in the coding sheet : 1. Print your last name, first name, and middle initial in the spaces marked "Last Name," "First Name" and "MI." Fill in the corresponding bubbles below. 2. Print your student identification number in the spaces marked "Identification Number." Fill in the bubbles. 3. Write the discussion section number for which you are officially registered under "Special Codes" spaces ABC , and fill in the bubbles. Discussion sections are as follows: 4. Finally, after filling in your section code, please put the version number in the “Special Codes” spaces . You will end up with a 4-digit “Special Codes” number – a three digit section number followed by a one digit exam number. If you have a question during the exam, stay seated and please raise your hand. To show respect to your fellow students, please stay seated in your exam seat for the full 120 minutes. All exams and answer sheets must be turned in as you leave the exam. Relax. Stop, take a deep breath, and think carefully before you answer any questions. Good luck! 329 W 9:55am 334 F 8:50am 330 W 8:50am 331 W 8:50am 339 F 11:00am 333 F 12:05pm 332 F 12:05pm 341 R 12:05pm 344 W 11:00am 342 F 1:20pm 346 F 9:55am 345 F 9:55am Woo Hyun Chang Alexander Yuskavage 336 R 3:30pm 328 W 9:55am 340 R 12:05pm 338 F 11:00am 343 F 1:20pm Yasushi Asako Chen-Yu Li Jiao Shi
Background image of page 1

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

View Full DocumentRight Arrow Icon
Final Exam; Version 1 Page 2 1. Which of the following statements about patents is false ? A) The government grants patents to encourage future innovation. B) Prolonging the life of an existing patent encourages efficiency in the economy. C) By granting patents, the government creates a deadweight loss in the economy. D) The government grants patents because innovation is a public good and public goods are underprovided if left to the market. E) None of the above. Use the following to answer question 2: 30 40 45 65 good A good B 10 14 15 21 2. The graph above depicts a consumer's preferences between goods A and B. The price of good B just decreased. The substitution effect of this change is ____, and the income effect is ____. A) 25; -20.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/01/2008 for the course ECON 101 taught by Professor Hansen during the Fall '07 term at University of Wisconsin.

Page1 / 14

final sample 1 - Final Exam Version 1 Page 1 Economics 101...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online