ECO2023 - Summer A 2010 Midterm 1

ECO2023 - Summer A 2010 Midterm 1 - Professor: M. Rush ECO...

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Professor: M. Rush ECO 2023 SUMMER A 2010 MIDTERM 1 Read all instructions on this page On the scantron bubble sheet, please enter: 1. Your name and initials 2. Your UF ID number 3. Special Code: 11 4. Test code: A 5. Sign your name on the back of the bubble sheet. This test is governed by UF’s academic honesty code. It is intended to have 33 multiple choice questions. When you are told to start, please check to be sure your copy has all the questions. Choose the best answer for each question. 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. 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. 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. TURN OFF ALL CELL PHONES AND OTHER COMMUNICATION DEVICES You may not use a cell phone, a Blackberry, or any other sort of device that allows for communication as your calculator. You will have 60 minutes to complete the exam and bubble in all your answers. When the TAs say that time is up, you must hand in your exam. We will not give extra time to finish bubbling in the answers, so be sure you are done when the 60 minutes are up. Of course, you may hand in your test at any time before the 60 minutes are up. An answer key will be posted on the Web later this evening. The test scores will be on the Web within a few days. Check if the test code and UF ID number you bubbled-in are correct now. Also check to be sure your name is correct—do it now. I have heard a rumor that the ability to correctly record these had been mastered by a few students at FSU as well as a couple of accounting and journalism students. I will investigate these rumors but in the meanwhile, CHECK YOUR TEST CODE AND UF ID NUMBER. IF YOU GET EITHER OF THESE WRONG, YOU WILL LOSE 5 POINTS!!!!
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ECO 2023 MIDTERM 1 SUMMER 2010 2 After the scores are posted, if you think your posted score is incorrect, email the grader at eco2023.grader@warrington.ufl.edu. You have one week after the curved score is posted to request a grade check. After a week, the score will not be changed. If the web reports what you bubbled in for each question and you ask the grader to check an answer because you believe you bubbled in something other than what is reported and the reported answer on the web is correct, you will lose 1 additional question.
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ECO 2023 MIDTERM 1 SUMMER 2010 3 1) A good with a horizontal demand curve has a demand A) with an income elasticity of demand of 0. B)
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This note was uploaded on 09/25/2010 for the course ENC 2023 taught by Professor Rush during the Summer '10 term at University of Florida.

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ECO2023 - Summer A 2010 Midterm 1 - Professor: M. Rush ECO...

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