Final Exam

Final Exam - Final Exam Version A FinalExam Econ114...

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Final Exam Version A 1 Final Exam Econ 114 September 10 th , 2010 Name: _____________________________ Student ID: _________________________ Multiple Choice Answers (Worth 48 points) 1. __________ 5. __________ 9. ___________ 2. __________ 6. __________ 10. __________ 3. __________ 7. __________ 11. __________ 4. __________ 8. __________ 12. __________
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Final Exam Version A 2 Multiple Choice Questions ~ worth 4 points each 1. Looking at data by country, GDP per capita and life expectancy are ____________________. a. Positively correlated because when people live longer they become poorer. b. Negatively correlated because people with high incomes can afford to seek medical treatment when they are ill. c. Uncorrelated because medical technologies are non‐rival meaning that they are costless to transfer between countries. d. Positively correlated and there is likely causality running in both directions. 2. The Malthusian model is in direct conflict with the observational phenomenon called the ________________________. a. Mortality transition b. Fertility transition c. Morbidity transition d. Inequality transition 3. What is the Gini Coefficient for the economy represented by the Lorenz curve in the graph above? a. 0.9 b. 0.6 c. 0.5 d. 0.4 4. Parents may choose to have fewer children if a. They expect to be ill in their old age b. Average female income decreases c. Children become healthier d. They are unable to access financial markets
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Final Exam Version A 3 5. The California state government decides to raise taxes in order to fund social welfare programs for low income families. For this particular policy, which of the following most likely explains the motives of the government? a. The government is self‐interested, as this policy will increase the wealth of elected officials. b.
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Final Exam - Final Exam Version A FinalExam Econ114...

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