finalF06ak

finalF06ak - ECON-2 Fall 2006 Final (Version A)...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ECON-2 Fall 2006 Final (Version A) Instructions BLUEBOOK : s Dont forget to write your name and your UCLA 9-digit ID s On the UPPER RIGHT CORNER of the cover page write your exam version and TA CODE (see table below for TA codes) SCANTRON FORM : s On the UPPER RIGHT CORNER write your exam version and TA CODE s Fill out the following fields (always write from left to right) Last Name First Name Identification #: UCLA 9-digit ID. Make sure it is correct !!! s Fill out the Scranton form with PENCIL only No cell phones or pager on desk. All hat rims turned backwards No pen or pencil in hand when turning in exam (20 points deduction) Stop writing when time is over ( 25 points deduction ) TA NAME CODE SECTIONS Fukui, Tani 10 1H, 1G Levy, Ariel 20 1A, 1B Liao, Pei Ju 30 1E, 1F Robles, Miguel 40 1K, 1M Sodsriwiboon, Piyaporn (Nikki) 50 1L Yang, Jie (Joy) 60 1J, 1I Zhou, Peilan 70 1C, 1D Dont know 80 Part I. Multiple Choice Questions: Select the choice that BEST answers the questions. 1 point each. 1) What is the version of your exam? Version ___ A) A B) B C) C D) Give me an F 2) Which of the following is a normative question? A) To reduce the regressive nature of the gasoline excise tax, should a portion of the gasoline excise tax paid by low- income individuals be refunded to them? B) Why do gasoline prices increase before holiday weekends? C) What will happen to gasoline consumption if excise taxes on gasoline are increased? D) How will oil exploration be affected if the government imposes price controls on gasoline? 3) A transfer payment is A) a cash payment for transferring a good from one person to another. B) a cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment. C) a bonus to get a worker to accept a transfer. D) an in kind payment for working "off the books." 4) An example of an ineffective price ceiling would be the government setting the price of gasoline at ________ per gallon when the market price is at $2.00 per gallon. A) $1.25 B) $1.75 C) $2.25 D) $1.50 Figure 4.6 5) In figure 4.6 at equilibrium consumer surplus is area A) G. B) E+F+G. C) A. D) A+B+C. 6) Bob is unemployed if he A) is temporarily laid off. B) is not looking for a job. C) has looked for a job for two months and then quit looking. D) A and C are correct. Table 6.2 7) Refer to Table 6.2. The value for gross private domestic investment in billions of dollars is A) 640. B) 900. C) 940. D) 910. 8) Refer to Table 6.2. The value for gross domestic product in billions of dollars is A) 3690. B) 3760. C) 2340. D) 3340. 9) An economy produces capital goods and consumer goods. This economy is operating at a point on its production possibility frontier associated with a small amount of capital goods and a large amount of consumer goods. This is most likely to be a A) country with a free market....
View Full Document

Page1 / 36

finalF06ak - ECON-2 Fall 2006 Final (Version A)...

This preview shows document pages 1 - 4. Sign up to view the full document.

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