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Unformatted text preview: 'The University of New South Wales School of Economics Final Examination November 2006 Econ 3116 International Economics Time allowed: Two (3) hours This paper is worth 60% ofthe total course mark Total number of questions: Six (6). This exam consists of Part A and Part B. In Part A, answer one (1) question. In Part B, Answer three (3) questions. Indicate, on the space provided on the front of the answer book, the question number attempted. All questions are of equal value. No examination aids are allowed. Answers must be written in ink. Except where they are expressly required, pencils may be used for drawing, sketching or graphical work. This paper may be retained by the student. ): PART A Answer only one question Question 1 In some countries relative supply may be unresponsive to changes in relative price. For example, iffactors ofproduction were completely immobile between sectors, the production possibility frontier would be right- angled, and output oftwo goods would not depend on their relative prices.depend on their relative prices....
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This note was uploaded on 07/25/2011 for the course ECON 3116 taught by Professor Denzil during the Three '11 term at University of New South Wales.
- Three '11
- International Economics