econ1001_midterm01b

econ1001_midterm01b - THE UNIVERSITY OF HONG KONG School of...

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Unformatted text preview: THE UNIVERSITY OF HONG KONG School of Economics & Finance 2010 Spring Semester, First Midterm Examination Economics: ECON1001 (J and K) Introduction to Economic I Version B BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB February 27, 2009 9:00-10:00a.m. A note from the instructor: We expect students to finish all the multiple choice questions in 60 minutes, i.e., one minute per question on average. CHOOSE THE BEST AVAILABLE ANSWER. Try not to allocate more than 2 minutes on any single MC question. Please also try to work on the apparently easier questions first. This strategy should help you lower the risk of losing a lot of marks by getting stuck in one or two of the more difficult questions. If you are done early, try to double check your answers. To avoid disturbance to other students, NO STUDENT IS ALLOWED TO LEAVE EARLY. Please mark the best answer to each multiple choice question on the scantron answer sheet provided. DO NOT MARK YOUR MC ANSWERS ON THIS QUESTION PAPER, NO SYMPATHY WILL BE GIVEN IF YOU FAIL TO PUT ALL YOUR MC ANSWERS ON THE SCANTRON ANSWER SHEET. On the scantron sheet, please write down your University ID number and your name, and also fill in the boxes on the upper right corner. One point will be deducted if you fail to include your name, another point for your failure to include your University ID, and another point for your failure to mark your University ID on the scantron sheet correctly. As a check for your reading of this instruction, you will be awarded 1 point if you mark E for question 50 on the scantron sheet. Please turn off your mobile phone. NO CHEATING PLEASE!! The one seating next to you should NOT have the same version of exam as yours. If two students sitting next to each others are found to have the same version of exam paper, they are BOTH CONSIDERED CHEATING. To help reduce the temptation to cheat, the invigilators will keep close watch of students during the exams. For students who must use the washroom during the exam, the invigilators may record their names and student IDs and take away their mobile phone during their washroom visit. 1. Which version of the exam paper do you have? (a) version A. (b) version B. 2. Changes in which of the following items will cause a shift of the demand curve for red wine? (a) An increase in the price of the grapes used to produce red wine....
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This note was uploaded on 10/14/2010 for the course ECON ECON1001 taught by Professor Ka-fuwong during the Spring '10 term at HKU.

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econ1001_midterm01b - THE UNIVERSITY OF HONG KONG School of...

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