ECO 201 Midterm: ECO 201 Midterm 1 Fall 2009
Document Summary
Directions: fill in your scantron with your unique-id and the form number listed ont this page. Proper completion of this step of the directions is worth the equivalent of one question: there are 42 multiple choice questions. All answers should be recorded on the scantron sheet. No credit will be given for answers placed elsewhere. Record your answers on the exam as well because this will be the record of your answers which you can use to determine which questions you got right or wrong on the exam: a calculator is allowed. Cell phones may not be used for calculators: you have until 10:50 to finish the exam and complete the scantron. Additional time may be purchased at a price of 5 percentage points per minute. To answer the next 5 questions, suppose there is a small island economy with 30 redhawks and. In a given day, a redhawk can produce either 10 shirts or gather 5 hats.
