spr 08 - Department of Economics University of California,...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Department of Economics University of California, Davis ECONOMICS 1A Spring 2008 L. Jay Helms First Midterm Exam Version A Last Name: First Name: Your Student ID Number: Please check your registered section number: [ ] B01 Ms. Seema Sangita M 6:10-7 Wellman 129 [ ] B02 Ms. Seema Sangita M 5:10-6 Wellman 129 [ ] B03 Mr. Daniel Diaz Vidal W 5:10-6 Wellman 129 [ ] B04 Mr. Daniel Diaz Vidal W 6:10-7 Wellman 129 [ ] B05 Ms. Seema Sangita T 6:10-7 Wellman 107 [ ] B06 Ms. Seema Sangita T 5:10-6 Wellman 107 [ ] B07 Mr.Takeshi Yagihashi R 6:10-7 Wellman 101 [ ] B08 Mr.Takeshi Yagihashi R 7:10-8 Wellman 101 [ ] B09 Mr. Daniel Diaz Vidal T 4:10-5 Olson 217 [ ] B10 Mr. Daniel Diaz Vidal T 5:10-6 Wellman 207 [ ] B11 Mr.Takeshi Yagihashi R 4:10-5 Olson 217 [ ] B12 Mr.Takeshi Yagihashi R 5:10-6 Wellman 105 On your Scantron form you must bubble in: Name: Last Name, First Name Subject: “Ecn 1A” Test No.: “1” Date: “4/24/2008” Hour: Your section, for example, “B06” ID Number: Your nine-digit student ID number Test Form: Your exam version (“A”)
Background image of page 1

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

View Full DocumentRight Arrow Icon
Ecn 1A Spring 2008 – First Midterm Exam – Version A Page 2. Part A: Multiple Choice Questions (20 questions, each of which is worth 3 points) Instructions : Choose the best answer. Answer these multiple choice questions only on your Scantron. Warning : Scantron errors may occur if you fail to erase an incorrect answer completely. Where erasures are incomplete and the Scantron machine—detecting two answers to the same question—marks your answer as wrong, no regrading can be allowed. It is your responsibility either to be certain of your answers before you mark them or to be very careful to erase completely any incorrect markings. You may wish to replace your Scantron form with a new one if you need to correct an error. 1. Terry decides to give up her $75,000 job on Wall Street to do volunteer work for a humanitarian aid organization in Africa. To join, she will have to pay a fee of $5,000 to cover the airfare and other transportation expenses. However, her living expenses for the year will be $10,000 less than in the United States. Her opportunity cost of going to Africa is a. $80,000. b. $75,000. c. $70,000. d. $65,000. e. $5,000. 2. Which of the following is the best example of a marginal change? a. Purchasing a car instead of a motorcycle. b. Purchasing a truck instead of a car. c. Purchasing a car with cruise control instead of the basic model without cruise control. d. Picking a truck with cruise control instead of a sports car with cruise control and leather seats. 3. If a nation’s production possibilities frontier is “bowed out” from the origin this suggests that a. resources are scarce. b. not all resources are equally well suited for producing different goods. c. the vertical axis exhibits price while the horizontal axis exhibits quantity. d. this was how the originator of the idea first drew it and today we follow the same convention.
Background image of page 2
Ecn 1A Spring 2008 – First Midterm Exam – Version A Page 3.
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/25/2010 for the course ECN 1A ECN 1A taught by Professor Jayhelms during the Spring '09 term at UC Davis.

Page1 / 51

spr 08 - Department of Economics University of California,...

This preview shows document pages 1 - 4. Sign up to view the full document.

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