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FinalW2006 - NAME Student Number ECON 3150 sections M and O...

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NAME_____________________________ Student Number_____________________________ ECON 3150 sections M and O Final Exam April 28, 2006 You have 2 hours 30 minutes to complete the test. Please use pens only . (Marks for answers done in pencil are non-revisable.) No aide is allowed. Multiple Choice_________(50) 1_______________(10) 2_______________(10) 3_______________(10) 4_______________(10) 5_______________(10) 6_______________(10) Total_________________(100)
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2 Part I. Each multiple choice question is worth 5 points. Circle the best answer for each question: 1. Internal economies of scale A. may be associated with a perfectly competitive industry. B. cannot be associated with a perfectly competitive industry. C. are associated only with sophisticated products such as aircraft. D. cannot form the basis for international trade . 2. The principle benefit of tariff protection goes to
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