EC 201 Study Guide - Final Guide: Demand Curve, Price Floor, Price Elasticity Of Demand
Document Summary
Directions: there are 70 questions on this exam, each of which is worth 7. 1 points. 3 points for writing your name legibly on both the exam and the score sheet. Therefore, the total for the exam is (70x7. 1) + 3 = 500 points. Please print your name and student number legibly on this exam and on the score sheet. Please fill the circle on your score sheet corresponding to the correct answer. The government enforces a price floor in the market for klampars, at a price of . Consequently, the equilibrium wage rate for dangerous, unpleasant jobs is higher than the equilibrium wage rate for otherwise comparable jobs that are safe and pleasant. 1: from 1910 to 1940, there was a huge increase in the proportion of americans of high-school age who were earning a high-school diploma. If this occurs, then there will be an increase in the supply of labor in the non-union sector of the economy.
