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ECON 2030 (3)

Mid-term exam.pdf

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Carleton University
ECON 2030
Xiaoyi Yan

C A R L E T O N U N I V E R S I T Y MIDTERME X A M I N A T I O N February 2013 DURATION15 HOURS No of Students 40 Department NameCourse Number ECON 2030A Course Instructors X YANAuthorized MemorandaCALCULATORS ARE ALLOWEDStudents MUST count the number of pages in this examination question paper before beginning to write and report any discrepancy immediately to a proctorThis question paper has 2 pagesThis examination paper MAY NOT be taken from the examination roomIn addition to this question paper students require anexamination bookletyesno a Scantron sheetyesno Section 1Answer True or False first and explain why 5 points each 1 Indifference curves cannot intersect 2 The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle 3 An increase in a consumers income will increase the Marginal Rate of Transformation 4 If the priceconsumption curve is upward sloping when the price of the good measured on the horizontal axis changes then the demand curve for that good will be upward sloping 5 An increase in income all else eq
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