fall 2007 final exam

fall 2007 final exam - ECON 2106 Shelby Frost Final Exam...

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ECON 2106 Shelby Frost Final Exam 11:00am TR Fall 2007 Version A Page 1 Do NOT open your exam until you are told to do so. Turn off your cell phone or any other noise-making devices you have with you. You are taking Version A of the exam. Please mark letter A on your scantron where it reads “Test Form”. When you submit your scantron for grading, you must turn in a signed copy of this page. Failure to do so will result in earnings of $0 for this exam. You may keep the questions for your record of what answers you marked. An answer key will be posted in webct after the exam is over so you can grade your own work. Tear this page off and turn it in when you turn in your scantron; keep the other pages for yourself. Honesty Oath: By signing below, I certify that I have adhered to the GSU Policy on Academic Honesty. The GSU Policy on Academic Honesty includes the following: “B. Cheating on Examinations: Cheating on examinations involves giving or receiving unauthorized help before, during, or after an examination. Examples of unauthorized help include the use of notes, computer based resources, texts, or "crib sheets" during an examination (unless specifically approved by the faculty member), or sharing information with another student during an examination (unless specifically approved by the faculty member). Other examples include intentionally allowing another student to view one's own examination and collaboration before or after an examination if such collaboration is specifically forbidden by the faculty member.” For this final exam, you may make use of a single “cheat sheet”… a single page of notes with no exam or quiz questions on it. Put your name on it and turn it in with this paper. Print name: _____________________ Signature: ___________________________
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ECON 2106 Shelby Frost Final Exam 11:00am TR Fall 2007 Version A Page 3 Name: __________________________ Date: _____________ Use the following to answer question 1: Figure: Demand for Videotapes 1. (Figure: Demand for Videotapes) A decrease in the price of videotape recorders (a complement) would result in a change illustrated by: A) the move from l to m in Panel D. C) the move from h to i in Panel B. B) the move from f to g in Panel A. D) the move from j to k in Panel C. 2. A familiar example of a negative externality is loud music on a college campus. In principle, it should be possible to internalize this externality by permitting students to negotiate about rights to play music during particular time periods. The most likely reason that this does not happen is: A) that any agreements arising from such negotiations could not be enforced. B)
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fall 2007 final exam - ECON 2106 Shelby Frost Final Exam...

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