midterm fall08_solution - Econ 131 Fall 2008 Professor...

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Econ 131 Fall 2008 Professor Emmanuel Saez GSI: Ity Shurtz MIDTERM EXAM - solution There are three questions, worth a total of 100 points. Short answers should be succinct and focused: less than four sentences; anything further will not be read. On true/false questions, explanations determine grades. Show your work and intuition on the mathematical questions clearly. GOOD LUCK!
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Question 1 [40 points 8 points each part] True/false/uncertain questions (a) The government cannot alter the level of a privately provided public good because government contributions are crowded out 100% by reduced private contributions. True, false, or uncertain? Discuss relevant theory and empirical evidence.                                                                                                         (b) Arnold Schwarzenneger’s policies are those preferred by the median voter in California. Describe one set of assumptions under which this statement is true and another under which it is false. Which model does empirical evidence support?
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midterm fall08_solution - Econ 131 Fall 2008 Professor...

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