ECN 001A Study Guide - Midterm Guide: Scantron Corporation, Electrical Contacts, Complementary Good
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ECN 001A Full Course Notes
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18 points multiple choice and 4 points short answer. Your student id number: ___ ___ ___ - ___ ___ - ___ ___ ___ ___ Write your name (last name first, subject, date and your registered section number in the boxes on the scantron. Enter your student id number in the id number section on your scantron and fill in your test form but leave the subj score section of the scantron blank. Multiple choice questions (1 point each): indicate the answer choice that best completes the statement or answers the question. Responses must be recorded on your scantron for grading: tomato sauce and spaghetti noodles are complementary goods. Suppose the government initially imposes a per-unit tax on this good. Now suppose the government is deciding whether to lower the tax to . 50 or raise it to . 50. The vertical distance between points a and b represents a tax in the market: refer to figure 8-4.
