POL101 Quiz 3 with Answers

POL101 Quiz 3 with Answers - POL 101 World Politics Quiz...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
POL 101 World Politics Quiz #3. SBU ID: You are not allowed to use any sources, including electronic devices and your neighbors exam. Academic dishonesty results in F for the test and a report to the SBU Academic Judiciary. Please, write down your answers in the “Your answer” column. Your answer Question (each questions is worth 1 point) A 1. In the figure above, what is the autarkic price of the product? a. P b. Pw c. A d. B e. Q E 2. In the figure above, what is consumer surplus under free trade? a. P*Q*1/2 b. (P-Pw)*Q*1/2 c. (Pmax-P)*Qd*1/2 d. (Pmax-Pw)*Q*1/2 e. (Pmax-Pw)*Qd*1/2 D 3. In the figure above, what is the net benefit to the economy under free trade? a. A b. A+B c. Q*Pw*1/2 d. (Qd-Qs)*(P-Pw)*1/2 e. (Q-Qs)*(Pmax-Pw)*1/2
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/06/2011 for the course POL 101 taught by Professor Sekercioglu during the Fall '08 term at SUNY Stony Brook.

Ask a homework question - tutors are online