fall 2008 exam 4

fall 2008 exam 4 - ECON 2106 Shelby Frost Exam 1 1:00pm TR...

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ECON 2106 Shelby Frost Exam 1 1:00pm TR Fall 2008 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.” Print name: _____________________ Signature: ___________________________
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ECON 2106 Shelby Frost Exam 1 1:00pm TR Fall 2008 Version A Page 2 This page is left blank intentionally.
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ECON 2106 Shelby Frost Exam 1 1:00pm TR Fall 2008 Version A Page 3 Name: __________________________ Date: _____________ Multiple Choice: Choose the one alternative that best completes the statement or answers the question. 1. Excess supply occurs when: A) the price is above the equilibrium price. B) the quantity demanded exceeds the quantity supplied. C) the price is below the equilibrium price. D) both b and c occur. Use the following to answer question 2: Figure: Tom's Production Possibilities 2. (Figure: Tom's Production Possibilities) In the accompanying figure, which point or points would represent an efficient combination of coconuts and fish that Tom could choose to produce? A) A only B) A and B C) B and C D) D only 3. Economists use the term equilibrium to describe: A) when individuals are equal. B) when no individual would be better off taking a different action. C) when no individual has an incentive to change his/her behavior. D) both b and c.
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ECON 2106 Shelby Frost Exam 1 1:00pm TR Fall 2008 Version A Page 4 4. Roommates Sarah and Zoe are hosting a Halloween party and have to make food for
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This note was uploaded on 01/19/2011 for the course ECON 32233 taught by Professor Shelbyfrost during the Fall '08 term at Georgia State.

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fall 2008 exam 4 - ECON 2106 Shelby Frost Exam 1 1:00pm TR...

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