ECO 202 Midterm: ECO 202 Miami U e201mt1sp13 with key
Document Summary
Directions: fill in your scantron with your unique id and form number. Doing this properly is worth the equivalent of 1 question: there are 42 multiple choice questions, your grade is determined entirely upon the answers listed on your scantron. Be sure to record your answers on your exam so that you will be able to check your answers once the key is posted: you may use a calculator. Cell phones or other devices that may be used to store text are not allowed: you have until the end of the period to finish the exam. Additional time may be purchased at a price of 5 percentage points per minute: academic dishonesty is a serious offense. Suppose that an economy produces only apples and oranges and the prices and quantities of each are given in the table below. To answer the next 5 questions, refer to the information for the u. s. economy provided below:
