f09_1000_test1_c - YORK UNIVERSITY Department of Economics...

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YORK UNIVERSITY Department of Economics AS/ECON 1000 D, E Introduction to Microeconomics October 8, 2009 Professor A. Cohen TERM TEST #1 INSTRUCTIONS : 1. PRINT your name: ________________________ _________________ (Last Name) (First Name) 2. Student Number: _____________________________ 3. WebCT / PassportYork User ID: _____________________________ 4. Signature: _____________________________ On the top of the pink computerized answer sheet, use an HB pencil to: 5. Print your full name on the horizontal line provided. 6. Print your student number in the vertical space provided and fill in the corresponding rectangles for each digit. 7. The test has 2 parts. Answers to Part I (Multiple Choice Questions) must be entered on the pink computerized answer sheet. Use only an HB pencil . The answer sheet will not be returned; the rest of the test paper will be returned. Answers to Part II (Problems) must be entered on the problem pages. Where required, you must show your calculations to receive credit . Problem answers can be done in pen or pencil, but pencil answers cannot be appealed . 8. The test is 50 minutes, 90 marks. Insert (do NOT bend or fold) the pink computerized answer sheet in the middle of the test paper when you are finished. 9. NO CALCULATORS, DIGITIAL DICTIONARIES, CELL PHONES OR ANY ELECTRONIC DEVICES ALLOWED. DO NOT WRITE IN THIS SPACE M.C. x 4 = Problems = Total = / 90
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AS/ECON1000 D, E 2 Term Test #1, 2009 PART I Multiple Choice Questions (64 marks, 35 minutes) For each question pick the one best answer. Each right answer is worth 4 marks, each wrong answer zero (16 questions (plus version), about 2 minutes per question). 1. This is Version C of the test. For question 1 on the pink answer sheet, fill in answer rectangle C . Use Fact 2.1 to answer question 2. Fact 2.1 Tova and Ron are the only two inhabitants of the planet Melmac. It takes Tova 1 hour to produce a widget and 2 hours to produce a woggle. It takes Ron 3 hours to produce a widget and 3 hours to produce a woggle. 2. Tova and Ron A) can exchange, but only Tova will gain. B) can exchange, but only Ron will gain. C) can both gain from exchange if Tova specializes in producing widgets and Ron specializes in producing woggles. D)
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This note was uploaded on 02/07/2011 for the course ECON 1000 taught by Professor Paschakis during the Spring '08 term at York University.

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f09_1000_test1_c - YORK UNIVERSITY Department of Economics...

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