Exam 2 Make Up Econ 25200 Fall 2008

Exam 2 Make Up Econ 25200 Fall 2008 - Econ 25200 Midterm...

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Econ 25200 Midterm Exam 2 Form 2 Thursday, October 16 th , 2008 Name ( Please PRINT ): Last Name First Name Student ID #: Place a checkmark next to your section number then record the 4-digit section number on the scantron. 0001 Tuesday / Thursday 7:30 – 8:45 a.m. 0002 Tuesday / Thursday 9:00 – 10:15 a.m. No brimmed hats are allowed. If you are wearing a hat with a brim, turn the brim to the back. No calculators are allowed. All cell phones are to be turned off and put away. You will be in danger of receiving a zero on the exam if your cell phone is on or not put away. Do not begin the exam until the instructor tells you to. While waiting, fill out your scantron completely and accurately and read the remaining instructions on this page. Include the form letter for this specific exam. If any suspicious behavior is noted, you will be moved and may also receive a zero on the exam. Cheating will not be tolerated. Exam 1 contains 36 questions on 9 pages. Please be sure that you have 9 pages in your test booklet. If not, please inform the instructor before you begin the exam. Please mark all answers on BOTH the test booklet and the scantron. Once you are finished, please take both your test booklet AND answer sheet to the proper station. Questions 1 - 5 are “green star questions,” and 6 – 40 are based on textbook chapters 7 – 10. There is no deduction for wrong answers, so you should attempt all questions; all questions count equal weight; overall this exam is 20% of the course grade. Econ 252 Page 1 of 8 Fall 2008 Exam 2 Make Up
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1. Issues relating to international coordination-conflict were said to include: (a) the Cold War between the West and the Soviet bloc; (b) the nature of international institutions; (c) global norms, national interests and the tension between the two; (d) just (b) and (c). 2. According to lecture coverage, the so-called Washington Consensus attributed problems in developing countries (such as South-East Asia in 1997) as resulting from: (a) the presence of corruption and cronyism; (b) too much market deregulation; (c) too little international capital flows; (d) all of the above. 3. The Mont Pelerin Society agenda was: (a) to make huge amounts of money using sophisticated arbitrage models; (b) to transform thinking in Western governments and societies to view deregulation and laissez-faire as the norm; (c) to remove barriers to immigration worldwide; (d) to help poor countries with more aid and gifts from developed countries. 4. According to lecture coverage of the current financial crisis: (a) government regulation is entirely to blame, since markets can never fail; (b) the government is entirely blameless, since greed was the sole cause of the problem; (c) the government was partly to blame for not providing institutions to facilitate the intermediation of mortgages; (d) the government was partly to blame, given that it broke down the distinction between commercial and investment banks, without ensuring comparable treatment of the two. 5.
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This note was uploaded on 02/10/2010 for the course ECON 251 taught by Professor Blanchard during the Spring '08 term at Purdue University-West Lafayette.

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Exam 2 Make Up Econ 25200 Fall 2008 - Econ 25200 Midterm...

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