Final_2009F_essayQ

Final_2009F_essayQ - THE UNIVERSITY OF HONG KONG School of...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
THE UNIVERSITY OF HONG KONG 2009 Fall Semester, FINAL Examination Economics: ECON1001 (A and B) Introduction to Economic I A and B Dr K F Wong December 12, 2009 2:30-4:30p.m. A note from the instructor: Only approved calculators as announced by the Examinations Secretary can be used in this examination. It is candidates’ responsibility to ensure that their calculator operates satisfactorily, and candidates must record the name and type of the calculator used on the front page of the examination script. Please mark the best answer to each multiple choice question on the scantron answer sheet provided. Do not mark your mc answers on this question paper, no sympathy will be given if you fail to put all your mc answers on the scantron answer sheet. On the scantron sheet, please write down your University ID number and your name, and also fill in the boxes on the upper right corner indicating your Univiersity ID number. All answers for short-answer questions should be written on an answer book provided. On the answer book, please write down your University ID number and your name. 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Section I: Short-answer questions (55 points in total). Answer all questions. Write your answers in the answer book. 1. (15 points) Once upon a time, a small country X sits next to a big country Y. Country X respects the market system and allows free flow of capital in and out of the country but not labor. For political reasons, country Y has remained a closed economy and does not allow any flow of capital and labor in and out of the country. There are two kinds of production activities in country X: farming and production of widgets.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

Final_2009F_essayQ - THE UNIVERSITY OF HONG KONG School of...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online