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Econ+13+--+Final+Exam+--+Spring+2011-Ver+A

Econ+13+--+Final+Exam+--+Spring+2011-Ver+A - UCI Econ 13...

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UCI -- Econ 13 -- Spring 2011 Final Exam (100 points) Version A Time allowed: 120 min Name: ID: TA: Multiple Choice (4 pts each) Identify the choice that best completes the statement or answers the question. ____ 1. Which of the following statements about inputs is correct? a. A forest is an example of a natural resource; it is also an example of a renewable resource. b. There is no distinction between human capital and technological knowledge. c. Human capital is a non-produced factor of production. d. Physical capital is a non-produced factor of production. ____ 2. Which of the following would be human capital and physical capital, respectively? ____ 3. On a production function, as capital per worker increases, output per worker ____ 4. If the nominal exchange rate e is foreign currency per dollar, the domestic price is P , and the foreign price is P *, then the real exchange rate is defined as ____
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