ECO2023 - Fall 2009 Midterm 2

ECO2023 - Fall 2009 Midterm 2 - Professor: M. Rush ECO 2023...

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Professor: M. Rush ECO 2023 FALL 2009 MIDTERM 2 Read all instructions on this page This test is governed by UF’s academic honesty code. It is intended to have 31 multiple choice questions. Please check to be sure your copy has all 31. Chose the best answer for each question. There is an extra credit question on the last page. The next is important: Unless you are specifically told otherwise, on this test do not assume that demand or supply is either perfectly elastic or perfectly inelastic. On the bubble sheet, please enter: 1. Your name and initials 2. Your UF ID number 3. Special Code: 21 4. Test code: A 5. Sign your name on the back of the bubble sheet. TURN OFF ALL CELL PHONES AND OTHER COMMUNICATION DEVICES Check that the test code, special code, and UF ID number you bubbled-in are correct now. Also check to be sure your name is correct—do it now. As I said on the last exam, I heard rumors that the ability to correctly record the test code has been mastered by a few students at FSU. I am still checking this out. But in the meanwhile a friend told me that accounting majors have been known to be able to record this letter, often correctly. Plus, I have heard of one journalism major who could get the special code right at least 30% of the time! While I doubt this last rumor, because the special code involves numbers which means it is close to being math, nonetheless I think that the skill of correctly bubbling in the test code and special is not too difficult to acquire. CHECK YOUR TEST CODE AND UF ID NUMBER. IF YOU GET EITHER OF T H E S E W R O N G , Y O UR T E S T M I G H T N O T B E G R A D E D AND IF IT IS GRADED, Y O U W I L L L O S E 6 P O I N T S (which equals 2 questions)! I have become increasingly concerned that some students are at a real disadvantage because they are unwilling to ask questions during the exam while others ask a lot of questions. Hence, to level the playing field, I have decided to eliminate all questions during the test. I don’t like this policy, but it seems the fairest policy. Do not ask questions of me or the TA’s; in the interest of fairness I have instructed them not to answer any questions during the exam. You will have one hour (60 minutes) to complete the exam and bubble in all your answers. This time includes completing the extra credit question if you choose to answer it. When the TAs say that time is up, you must hand in your exam. We will not give extra
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E C O 2 0 2 3 M I D
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ECO2023 - Fall 2009 Midterm 2 - Professor: M. Rush ECO 2023...

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