SampleTEST 2 Spring 2008 my answers

SampleTEST 2 Spring 2008 my answers - Econ 510 Instructor:...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 510 Instructor: Ali Gungoraydinoglu Sample Test for Midterm 2 Structure of the test The test is a closed book exam. You may use a non-programmable calculator (no sharing). The test has 2 parts. Part I consists of 15 multiple choice questions with each questions counting for 2 points. Part II consists of three problems (similar to Problem Set 3 and Problem Set 4 in terms of format and nature). Readings In addition to my lectures and Power Point lecture notes (Chapter 8 and 9), the test covers the material in Krugman and Obstfeld, Chapter 8 (pages 176-195), Chapter 9 (pages 207- 236). 1
Background image of page 1

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

View Full DocumentRight Arrow Icon
ECON 510 International Trade Part I. Please answer all the multiple questions below by marking the best answer. 1. Ad valorem tariffs are A. import taxes stated in ads in industry publications. B. import taxes calculated as a fixed charge for each unit of imported goods. C. import taxes calculated as a fraction of the value of the imported goods. D. the same as import quotas E. None of the above. 2. If a good is imported into (small) country H from country F, then the imposition of a tariff in country H A. raises the price of the good in both countries ("the "Law of One Price"). B. raises the price in country H and cannot affect its price in country F. C. lowers the price of the good in both countries. D. lowers the price of the good in H and could raise it in F. E.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/10/2010 for the course ECON 510 taught by Professor Smith during the Spring '10 term at University of Saskatchewan- Management Area.

Page1 / 4

SampleTEST 2 Spring 2008 my answers - Econ 510 Instructor:...

This preview shows document pages 1 - 3. Sign up to view the full document.

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