Economics Exam Worksheet With Answers - Second Midterm (Version B)
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17Econ 2010 (Morey): Fall 2014
Second Midterm (Version B)
Please Read these instructions carefully
This exam has 41 questions. Make sure you have 41 questions, and answer all 41 questions.
The exam has four questions in it about the structure of the course. For each of these questions you
answer, you will be marked correct, no matter how you answer. This gives you 4 correct answers
out of 41—for free.
When answering a true/false question ignore the words “true” and “false” on the bubble sheets.
That is, sometimes “true” will be bubble A and sometimes “true” will be bubble B.
Make sure to indicate Version A on your bubble sheet.
Note that many of the questions on this exam are modifications of questions you have seen on the
Aplia quizzes or on the old exams. So, if a question looks familiar it might not be identical to a
previous question.
Sometimes what is said in one question might help you to answer another question.
Please read the questions carefully.
1. (Owen) Assume a world of two commodities: a bad and a good. On the graph below the
bad is on the vertical axis and the good is on the horizontal axis. Each dot represents a
different consumption bundles. (To be clear bundles A and C have the same amount of the
bad, and bundle F has a bit more of the bad). Which bundle or bundles are necessarily
preferred to bundle C?
Version 2
Page 1
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