Exam1-2010 - ECO 350 Gender and Economics Fall 2010 Exam 1...

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ECO 350: Gender and Economics Fall 2010 Exam 1 Sonia Dalmia This exam consists of three parts. The first part of the exam consists of a mandatory question worth 9 points. The second part of the exam consists of short answer type questions. Please answer any two questions out of the three given. Each question is worth 8 points. The third part of the exam consists of a long answer type question worth 15 points. PLEASE SHOW ALL WORK. Good luck!
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Part 1 – Mandatory question. (1) (9 points) Why might the prices that women and men pay for similar or identical goods and services vary? How would you show this in a supply and demand diagram? What are the potential advantages and disadvantages of a law banning gender-based price differences from the perspectives of equity or efficiency? Part 2 - Short answer questions. Please answer any two from the following three questions. (1) (8 points) A central assumption of economic theory is that humans are rational.
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