FinalW2006 - NAME_ Student Number_ ECON 3150 sections M and...

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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 A. domestic consumers of the good produced. B. foreign consumers of the good produced. C. domestic producers of the good produced. D. foreign producers of the good produced. 3. As globalization tends to increase the proportion of imported inputs relative to domestically supplied components, A. the nominal tariff automatically increases. B.
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FinalW2006 - NAME_ Student Number_ ECON 3150 sections M and...

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