exam 8 & 30 - Grades Worksheets Assignments Practice Tests...

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User : Alaa Alakeely In Course : PRIN ECONOMICS II ( ECN 222W SU810 09 SP) Instructor : Edward T Derbin WARNING : You must not leave this exam form! If you try to click back into this exam again prior to submitting, your access to it will be denied! Warning : There is a checkbox at the bottom of the exam form that you MUST check prior to submitting this exam. Failure to do so may cause your work to be lost. THIS IS A TIMED EXAM! Click to see time remaining Instructions : You have two hours to complete your exam. Once you begin (open), the clock is ticking, so plan accordingly. You will have plenty of time to complete it. Question 1 (True/False Worth 5 points) If, when using the same amount of resources, a nation can produce more of a good or service, it is said to possess absolute advantage in that good. TrueFalse
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Question 2 (True/False Worth 5 points) If nation A can produce 20 power plants and 16 ships while nation B can produce 18 power plants and 12 ships, then according to comparative advantage B should produce power plants and A should produce ships. TrueFalse Question 3 (True/False Worth 5 points) The impact of a tariff on an imported good is it increases the amount of imports. TrueFalse
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This note was uploaded on 05/18/2010 for the course ECON Econ222 taught by Professor E.derbin during the Summer '09 term at Delta MI.

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exam 8 & 30 - Grades Worksheets Assignments Practice Tests...

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