Econ2035_Sec4_Mid1_Ans_F12
of 7
-
Upload
kayla-julian -
Category
Documents
-
view
213 -
download
0
Transcript of Econ2035_Sec4_Mid1_Ans_F12
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
1/7
!"#$%&'()%*#$+,-%./$01$2-%/$3%*/"4#+"#$#51"%6"71817,-%9/::%&';&%
?+4>%/4+%1$31"/7+3%A,%A#:3%B/"+C !
!
"# $%&'!%()*+*,)!+-)*,!.%&')!////////!01+2'-,%(&!-!'31,*!3+!2-+!41)!-)!)'*!,-.*!)%.*!'%&'!%()*+*,)!+-)*,!.%&')!////////!,-5%(!6D 31>"#E4/2+F%+$"#E4/2+%67 8%,231+-&*9!8%,231+-&*!:7 *(231+-&*9!*(231+-&*!;7 *(231+-&*9!8%,231+-&*!
!
3+!.3(*?#!67 %(2+*-,*,!)'*!@1-()%)?!3>!.3(*?!8*.-(8*8#!:7 8*2+*-,*,!)'*!8*.-(8!>3+!.3(*?#!GD 3+"4+/>+>%7H+%IE/$717,%#B%5#$+,%3+5/$3+3C%
!
A# =,!-!,)3+*!3>!5-B1*C!.3(*?!=7 83*,!(3)!*-+(!%()*+*,)#!67 2-((3)!4*!-!81+-4B*!-,,*)#!:7 .1,)!4*!21++*(2?#!GD 1>%/%?/,%#B%>/81$2%B#4%BE7E4+%JE4"H/>+>C%
!
D# E(!)'*!B%@1%8%)?!0+*>*+*(2*!>+-.*F3+GC!=7 )'*!8*.-(8!>3+!43(8,!.1,)!*@1-B!)'*!,100B?!3>!.3(*?#!67 )'*!8*.-(8!>3+!.3(*?!.1,)!*@1-B!)'*!,100B?!3>!43(8,#!:7 -(!*H2*,,!8*.-(8!3>!43(8,!%.0B%*,!-(!*H2*,,!8*.-(8!>3+!.3(*?#!GD /$%+K"+>>%>EJJ:,%#B%A#$3>%15J:1+>%/$%+K"+>>%3+5/$3%B#4%5#$+,C%
!
I# J'*!21++*(2?!23.03(*()!%(2B18*,!0-0*+!.3(*?!-(8!23%(,!'*B8!%(!=7 4-(G!5-1B),#!67 =JK,#!@D 7H+%H/$3>%#B%7H+%$#$A/$0%JEA:1"C%;7 )'*!2*()+-B!4-(G#!
!
L# E(!F'%2'!3>!)'*!>3BB3F%(&!,%)1-)%3(,!F31B8!?31!0+*>*+!)3!4*!)'*!B*(8*+M!=7 J'*!%()*+*,)!+-)*!%,!N!0*+2*()!-(8!)'*!*H0*2)*8!%(>B-)%3(!+-)*!%,!O!0*+2*()#!.D LH+%1$7+4+>7%4/7+%1>%=%J+4"+$7%/$3%7H+%+KJ+"7+3%1$B:/71#$%4/7+%1>%;%J+4"+$7C%:7 J'*!%()*+*,)!+-)*!%,!"A!0*+2*()!-(8!)'*!*H0*2)*8!%(>B-)%3(!+-)*!%,!"I!0*+2*()#!;7 J'*!%()*+*,)!+-)*!%,!!%()*+*,)!%,!!%()*+*,)!%,!
=7
!
R# J'*!8%>>*+*(2*!4*)F**(!.3(*?!-(8!%(23.*!%,!)'-)!=7 .3(*?!%,!-!>B3F!-(8!%(23.*!%,!-!,)32G#!.D 5#$+,%1>%/%>7#"0%/$3%1$"#5+%1>%/%B:#?C%
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
2/7
:7 )'*+*!%,!(3!8%>>*+*(2*S.3(*?!-(8!%(23.*!-+*!43)'!,)32G,#!;7 )'*+*!%,!(3!8%>>*+*(2*S.3(*?!-(8!%(23.*!-+*!43)'!>B3F,#!
!
N# =!,'-+*!3>!23..3(!,)32G!%,!-!2B-%.!3(!-!23+03+-)%3(T,!=7 8*4)#!67 B%-4%B%)%*,#!:7 *H0*(,*,#!GD +/4$1$2>%/$3%/>>+7>C%
!
"P# =B)'31&'!)'*!83.%(-(2*!3>!////////!35*+!////////!%,!2B*-+!%(!-BB!231()+%*,C!)'*!+*B-)%5*!%.03+)-(2*!3>!43(8!5*+,1,!,)32G!.-+G*),!8%>>*+,!F%8*B?#!
6D B1$/$"1/:%1$7+45+31/41+>F%>+"E4171+>%5/40+7>%67 >%(-(2%-B!%()*+.*8%-+%*,9!&35*+(.*()!-&*(2%*,!:7 &35*+(.*()!-&*(2%*,9!>%(-(2%-B!%()*+.*8%-+%*,!;7 &35*+(.*()!-&*(2%*,9!,*21+%)%*,!.-+G*),!
!
""# =!&3-B!3>!)'*!U*21+%)%*,!-(8!VH2'-(&*!:3..%,,%3(!%,!)3!+*812*!0+34B*.,!-+%,%(&!>+3.!=7 23.0*)%)%3(#!67 4-(G%(&!0-(%2,#!:7 +%,G#!GD />,55+741"%1$B#45/71#$C%
!
"!)'*!>3BB3F%(&!,)-)*.*(),!-431)!)'*!2'-+-2)*+%,)%2,!3>!8*4)!-(8!*@1%)?!%,!>-B,*M!=7 J'*?!2-(!43)'!4*!B3(&Q)*+.!>%(-(2%-B!%(,)+1.*(),#!.D LH+,%"/$%A#7H%A+%>H#47M7+45%B1$/$"1/:%1$>74E5+$7>C%:7 J'*?!43)'!%(53B5*!-!2B-%.!3(!)'*!%,,1*+T,!%(23.*#!;7 J'*?!43)'!*(-4B*!-!23+03+-)%3(!)3!+-%,*!>1(8,#!
!
"A# J'*!'%&'*+!-!,*21+%)?T,!0+%2*!%(!)'*!,*23(8-+?!.-+G*)!)'*!////////!>1(8,!-!>%+.!2-(!+-%,*!4?!,*BB%(&!,*21+%)%*,!%(!)'*!////////!.-+G*)#!!
6D 5#4+F%J415/4,%67 .3+*9!,*23(8-+?!:7 B*,,9!0+%.-+?!;7 B*,,9!,*23(8-+?!
!
"D# :3.0-+*8!)3!-(!*23(3.?!)'-)!1,*,!-!.*8%1.!3>!*H2'-(&*C!%(!-!4-+)*+!*23(3.?!6D 74/$>/"71#$%"#>7>%/4+%H12H+4C%67 )+-(,-2)%3(!23,),!-+*!B3F*+#!:7 B%@1%8%)?!23,),!-+*!'%&'*+#!;7 B%@1%8%)?!23,),!-+*!B3F*+#!
!
"I# W'%2'!3>!)'*!>3BB3F%(&!,)-)*.*(),!4*,)!*H0B-%(,!'3F!)'*!1,*!3>!.3(*?!%(!-(!*23(3.?!%(2+*-,*,!*23(3.%2!*>>%2%*(2?M!
=7 K3(*?!%(2+*-,*,!*23(3.%2!*>>%2%*(2?!4*2-1,*!%)!%,!23,)B*,,!)3!0+3812*#!67 K3(*?!%(2+*-,*,!*23(3.%2!*>>%2%*(2?!4*2-1,*!%)!8%,231+-&*,!,0*2%-B%X-)%3(#!@D *#$+,%1$"4+/>+>%+"#$#51"%+BB1"1+$",%A+"/E>+%17%3+"4+/>+>%74/$>/"71#$>%"#>7>C%;7 K3(*?!2-((3)!'-5*!-(!*>>*2)!3(!*23(3.%2!*>>%2%*(2?#!
!
"L# Y*812%(&!+%,G!)'+31&'!)'*!01+2'-,*!3>!-,,*),!F'3,*!+*)1+(,!83!(3)!-BF-?,!.35*!)3&*)'*+!%,!6D 318+4>1B1"/71#$C%67 %()*+.*8%-)%3(#!:7 %()*+5*()%3(#!;7 8%,231()%(!
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
3/7
!
"O# =!>-BB!%(!)'*!B*5*B!3>!0+%2*,!=7 83*,!(3)!->>*2)!)'*!5-B1*!3>!.3(*?#!67 '-,!-(!1(2*+)-%(!*>>*2)!3(!)'*!5-B1*!3>!.3(*?#!@D 1$"4+/>+>%7H+%8/:E+%#B%5#$+,C%;7 +*812*,!)'*!5-B1*!3>!.3(*?#!
!"R# Z3+!-!23..38%)?!)3!>1(2)%3(!*>>*2)%5*B?!-,!.3(*?!%)!.1,)!4*!
6D +/>1:,%>7/$3/431N+3-%5/01$2%17%+/>,%7#%/>"+47/1$%17>%8/:E+C%67 8%>>%21B)!)3!.-G*!2'-(&*#!:7 8*)*+%3+-)*!@1%2GB?!,3!)'-)!%),!,100B?!83*,!(3)!4*23.*!)33!B-+&*#!;7 '-+8!)3!2-++?!-+31(8#!
!
"N# U1003,*!)'-)!)'*!%()*+*,)!+-)*!2'-(&*,!*5*+?!?*-+!-,!>3BB3F,[!R\C!"+"E417,%?17H%/%;'%J+4"+$7%"#EJ#$%>+::1$2%B#4%OQ-'''%67 =!^"PCPPP!>-2*Q5-B1*!,*21+%)?!F%)'!-!O!0*+2*()!23103(!,*BB%(&!>3+!^"PCPPP!:7 =!^"PCPPP!>-2*Q5-B1*!,*21+%)?!F%)'!-!N!0*+2*()!23103(!,*BB%(&!>3+!^"PCPPP!;7 =!^"PCPPP!>-2*Q5-B1*!,*21+%)?!F%)'!-!"P!0*+2*()!23103(!,*BB%(&!>3+!^"PCPPP!
!
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
4/7
3+! "ICPPP!F%)'!-!>-2*!5-B1*!3>!^3+!^"CPPP!-(8!,*BB,!>3+!^"C3BB3F*8!>%(-(2%-B!.-+G*),!%(!)'*!_(%)*8!U)-)*,#!67 )'*!.-+G*),!F'*+*!>3+*%&(!*H2'-(&*!+-)*,!-+*!8*)*+.%(*8#!@D 7H+%5/40+7>%?H+4+%1$7+4+>7%4/7+>%/4+%3+7+451$+3C%;7 )'*!.-+G*),!F'*+*!-BB!43++3F*+,!&*)!)'*%+!>1(8,#!
!
!)'*!>3BB3F%(&!-+*!&*(*+-BB?!)+1*!3>!43(8,M!6D LH+%#$:,%A#$3%?H#>+%4+7E4$%+IE/:>%7H+%1$171/:%,1+:3%7#%5/7E417,%1>%#$+%?H#>+%715+%7#%
5/7E417,%1>%7H+%>/5+%/>%7H+%H#:31$2%J+41#3C%
67 =!+%,*!%(!%()*+*,)!+-)*,!%,!-,,32%-)*8!F%)'!-!>-BB!%(!43(8!0+%2*,C!+*,1B)%(&!%(!2-0%)-B!&-%(,!3(!43(8,!F'3,*!)*+.,!)3!.-)1+%)?!-+*!B3(&*+!)'-(!)'*!'3B8%(&!0*+%38,#!
:7 J'*!B3(&*+!-!43(8T,!.-)1+%)?C!)'*!,.-BB*+!%,!)'*!,%X*!3>!)'*!0+%2*!2'-(&*!-,,32%-)*8!F%)'!-(!%()*+*,)!+-)*!2'-(&*#!
;7 `+%2*,!-(8!+*)1+(,!>3+!,'3+)Q)*+.!43(8,!-+*!.3+*!53B-)%B*!)'-(!)'3,*!>3+!B3(&*+Q)*+.!43(8,#!
!
AP# W'%2'!3>!)'*!>3BB3F%(&!4*(*>%)!8%+*2)B?!>+3.!-(?!%(2+*-,*!%(!)'*!23+03+-)%3(T,!0+3>%)-4%B%)?M!=7 -!43(8!'3B8*+!67 -!23..*+2%-B!0-0*+!'3B8*+!@D /%>H/4+H#:3+4%;7 -!JQ4%BB!'3B8*+!
!
A"# =,,1.%(&!)'*!,-.*!23103(!+-)*!-(8!.-)1+%)?!B*(&)'C!)'*!8%>>*+*(2*!4*)F**(!)'*!?%*B8!3(!-!J+*-,1+?!E(>B-)%3(!`+3)*2)*8!U*21+%)?!-(8!)'*!?%*B8!3(!-!(3(%(8*H*8!J+*-,1+?!,*21+%)?!0+35%8*,!
%(,%&')!%()3!
=7 )'*!(3.%(-B!%()*+*,)!+-)*#!67 )'*!+*-B!%()*+*,)!+-)*#!:7 )'*!(3.%(-B!*H2'-(&*!+-)*#!GD 7H+%+KJ+"7+3%1$B:/71#$%4/7+C%
!
A>*+*(2*!%(!%(>3+.-)%3(!%,!2-BB*8!!
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
5/7
=7 .3+-B!,*B*2)%3(#!67 +%,G!,'-+%(!@D />,55+741"%1$B#45/71#$C%;7 -85*+,*!'-X-+8!
!
AA# Y-(G%(&!-,,*),!>+3.!.3,)!B%@1%8!)3!B*-,)!B%@1%8C!)'*!23++*2)!3+8*+!%,!=7 ,-5%(&,!43(8,9!'31,*9!21++*(2?#!.D "E44+$",F%>/81$2>%A#$3>F%H#E>+C%:7 21++*(2?9!'31,*9!,-5%(&,!43(8,#!;7 '31,*9!,-5%(&,!43(8,9!21++*(2?#!
!
AD# $3B8%(&!*5*+?)'%(&!*B,*!23(,)-()C!=7 %>!-,,*)!=T,!+%,G!+%,*,!+*B-)%5*!)3!)'-)!3>!-B)*+(-)%5*!-,,*),C!)'*!8*.-(8!F%BB!%(2+*-,*!>3+!
-,,*)!=#!
67 %>!F*-B)'!%(2+*-,*,C!8*.-(8!>3+!-,,*)!=!%(2+*-,*,!-(8!8*.-(8!>3+!-B)*+(-)%5*!-,,*),!8*2+*-,*,#!
@D 7H+%5#4+%:1IE13%1>%/>>+7%6-%4+:/718+%7#%/:7+4$/718+%/>>+7>-%7H+%24+/7+4%?1::%A+%7H+%3+5/$3%B#4%/>>+7%6C%
;7 )'*!B3F*+!)'*!*H0*2)*8!+*)1+(!)3!-,,*)!=!+*B-)%5*!)3!-B)*+(-)%5*!-,,*),C!)'*!&+*-)*+!F%BB!4*!)'*!8*.-(8!>3+!-,,*)!=#!
!
AI# =!.35*.*()!-B3(&!)'*!43(8!8*.-(8!3+!,100B?!21+5*!3221+,!F'*(!////////!2'-(&*,#!6D A#$3%J41"+%67 %(23.*!:7 F*-B)'!;7 *H0*2)*8!+*)1+(!
!
AL# J'*!+*812)%3(!3>!4+3G*+-&*!23..%,,%3(,!>3+!)+-8%(&!23..3(!,)32G,!)'-)!3221++*8!%(!"NOI!2-1,*8!)'*!8*.-(8!>3+!43(8,!)3!////////!-(8!)'*!8*.-(8!21+5*!)3!,'%>)!)3!)'*!////////#!
=7 >-BB9!+%&')!.D B/::-%:+B7%:7 +%,*9!+%&')!;7 +%,*9!B*>)!
!
AO# E>!-(!%(8%5%81-B!.35*,!.3(*?!>+3.!-!2'*2G%(&!8*03,%)!-2231()!)3!-!.3(*?!.-+G*)!8*03,%)!-2231()C!
6D *;%3+"4+/>+>%/$3%*&%>7/,>%7H+%>/5+C%67 K"!,)-?,!)'*!,-.*!-(8!K
!
AR# b*5%(!01+2'-,%(&!23(2*+)!)%2G*),!F%)'!'%,!2+*8%)!2-+8!%,!-(!*H-.0B*!3>!////////!#!=7 )'*!.*8%1.!3>!*H2'-(&*!>1(2)%3(!3>!.3(*?!67 )'*!1(%)!3>!-2231()!>1(2)%3(!3>!.3(*?!:7 )'*!,)3+*!3>!5-B1*!>1(2)%3(!3>!.3(*?!GD 3+B+441$2%J/,5+$7C%
!
AN# :31()+%*,!)'-)!*H0*+%*(2*!5*+?!'%&'!+-)*,!3>!%(>B-)%3(!.-?!-B,3!'-5*!=7 4-B-(2*8!418&*),#!.D 4/J13:,%24#?1$2%5#$+,%>EJJ:1+>C%:7 >-BB%(&!.3(*?!,100B%*,#!;7 23(,)-()!.3(*?!,100B%*,#!
!
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
6/7
DP# W'%2'!3>!)'*!>3BB3F%(&!2-(!4*!8*,2+%4*8!-,!%(53B5%(&!8%+*2)!>%(-(2*M!6D 6%"#4J#4/71#$%1>>E+>%$+?%>H/4+>%#B%>7#"0C%67 `*30B*!41?!,'-+*,!%(!-!.1)1-B!>1(8#!:7 =!0*(,%3(!>1(8!.-(-&*+!41?,!-!,'3+)Q)*+.!23+03+-)*!,*21+%)?!%(!)'*!,*23(8-+?!.-+G*)#!;7 =(!%(,1+-(2*!23.0-(?!41?,!,'-+*,!3>!23..3(!,)32G!%(!)'*!35*+Q)'*Q231()*+!.-+G*),#!
!
D"# W'%2'!3>!)'*!>3BB3F%(&!%,!-!B3(&Q)*+.!>%(-(2%-B!%(,)+1.*()M!=7 =!(*&3)%-4B*!2*+)%>%2-)*!3>!8*03,%)!67 =!+*01+2'-,*!-&+**.*()!@D 6%SCE4,%A#$3%;7 =!_#U#!J+*-,1+?!4%BB!
!
D3+!.3(*?!)3!////////!-(8!)'*!%()*+*,)!+-)*!)3!////////C!*5*+?)'%(&!*B,*!'*B8!23(,)-()#!
6D 3+"4+/>+F%3+"4+/>+%67 8*2+*-,*9!%(2+*-,*!:7 %(2+*-,*9!8*2+*-,*!;7 %(2+*-,*9!%(2+*-,*!
!
DD# E)!%,!)+1*!)'-)!%(>B-)%3(!%,!-!=7 23()%(131,!%(2+*-,*!%(!)'*!.3(*?!,100B?#!67 23()%(131,!>-BB!%(!0+%2*,#!:7 8*2B%(*!%(!%()*+*,)!+-)*,#!GD "#$71$E/::,%41>1$2%J41"+%:+8+:C%
!
DI# W'*(!)'*!*H0*2)*8!%(>B-)%3(!+-)*!8*2+*-,*,C!)'*!+*-B!23,)!3>!43++3F%(&!////////!-(8!43(8!,100B?!////////C!*5*+?)'%(&!*B,*!'*B8!23(,)-()#!=7 %(2+*-,*,9!%(2+*-,*,!.D 1$"4+/>+>F%3+"4+/>+>%:7 8*2+*-,*,9!%(2+*-,*,!;7 8*2+*-,*,9!8*2+*-,*,!
!
DL# =(!%BB%@1%8!-,,*)!%,!=7 -(!-,,*)!)'-)!2-(!*-,%B?!-(8!@1%2GB?!4*!,3B8!)3!+-%,*!2-,'#!67 -!,'-+*!3>!-(!32*-(!+*,3+)#!@D 31BB1"E:7%7#%4+>+::C%;7 -BF-?,!,3B8!%(!-(!35*+Q)'*Q231()*+!.-+G*)#!
!
DO# =!G*?!>-2)3+!%(!0+3812%(&!'%&'!*23(3.%2!&+3F)'!%,!=7 *B%.%(-)%(&!>3+*%&(!)+-8*#!.D ?+::MBE$"71#$1$2%B1$/$"1/:%5/40+7>C%:7 '%&'!%()*+*,)!+-)*,#!;7 ,)32G!.-+G*)!53B-)%B%)?#!
!
DR# J'*!.3,)!B%@1%8!,*21+%)%*,!)+-8*8!%(!)'*!2-0%)-B!.-+G*)!-+*!=7 23+03+-)*!43(8,#!67 .1(%2%0-B!43(8,#!
-
7/29/2019 Econ2035_Sec4_Mid1_Ans_F12
7/7
@D SCE4,%A#$3>C%;7 .3+)&-&*Q4-2G*8!,*21+%)%*,#!
!
DN# W'*(!)'*!.3(*?!,100B?!%,!%(2+*-,*8C!%()*+*,)!+-)*,!F%BB!>-BB!%..*8%-)*B?!%>!)'*!B%@1%8%)?!*>>*2)!%,!////////!)'-(!)'*!3)'*+!.3(*?!,100B?!*>>*2),!-(8!)'*+*!%,!////////!-8a1,).*()!3>!*H0*2)*8!
%(>B-)%3(#!
=7 B-+&*+9!>-,)!.D :/42+4F%>:#?%:7 ,.-BB*+9!,B3F!;7 ,.-BB*+9!>-,)!
!
IP# =(!*@1-B!8*2+*-,*!%(!-BB!43(8!%()*+*,)!+-)*,!=7 %(2+*-,*,!)'*!0+%2*!3>!-!>%5*Q?*-+!43(8!.3+*!)'-(!)'*!0+%2*!3>!-!)*(Q?*-+!43(8#!.D 1$"4+/>+>%7H+%J41"+%#B%/%7+$M,+/4%A#$3%5#4+%7H/$%7H+%J41"+%#B%/%B18+M,+/4%A#$3C%:7 8*2+*-,*,!)'*!0+%2*!3>!-!>%5*Q?*-+!43(8!.3+*!)'-(!)'*!0+%2*!3>!-!)*(Q?*-+!43(8#!;7 8*2+*-,*,!)'*!0+%2*!3>!-!)*(Q?*-+!43(8!.3+*!)'-(!)'*!0+%2*!3>!-!>%5*Q?*-+!43(8#!
!
!
