Past Exam for ECN 160A - Intl Micro at UC Davis (UCD)

Exam Information

Material Type:Final
Class:ECN 160A - Intl Micro
University:University of California - Davis
Term:Summer 2007
  • Capital Intensive
  • Capital-Intensive
  • Protectionism
  • Terms of Trade
  • Median Voter
  • Infant Industry
  • Social Costs
  • Perspective
  • Opportunity
  • Implementing
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Sample Document Text

Name:___Solution Key____ SSI 2007, 160A Final Professor Farshid Mojaver Multiple Choice Part (22 points, 11 questions, 2 points each) 1. The existence of positive externalities due to the impossibility of full appropriability A. Supports the conclusions of the Heckscher-Ohlin model. B. Rejects the usefulness of government protectionism. C. Supports the concept that the government should support only high tech industries. D. Provides support for government protectionism. E. None of the above. 2. If firms in an industry are generating knowledge that other firms can use without paying for it, this industry is characterized by A. Social costs that exceed private costs. B. Social benefits that exceed private benefits. C. Social costs that exceed social benefits. D. Private benefits that exceed social benefits. E. None of the above. 3. The reason protectionism remains strong in the United States is that A. economists can produce any result the...

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