What This Document Is
This is a sample final exam for EC101, Micro Economics at Boston University, taught by Professor Todd Idson in Fall 2017. It’s designed to assess understanding of core microeconomic principles covered throughout the course. The exam consists of 70 multiple-choice questions, all weighted equally, and requires students to mark their answers on a scantron sheet.
Why This Document Matters
This sample exam is a crucial resource for students currently enrolled in or preparing for EC101 at Boston University. It provides a realistic preview of the exam format, question types, and the breadth of topics covered. Utilizing this exam allows students to self-assess their comprehension, identify areas needing further review, and practice time management under exam conditions. It’s most valuable during the final review period before the actual exam.
Common Limitations or Challenges
This is a *sample* exam, meaning it doesn’t represent the *entire* scope of potential questions on the actual final. It serves as a practice tool, not a comprehensive study guide. Students should not rely solely on this document for their preparation and should continue to review course materials, notes, and assigned readings. It also does not include explanations of correct answers.
What This Document Provides
The full document includes 70 multiple-choice questions covering topics such as: comparative advantage (illustrated with a production possibilities table involving tomatoes and pasta sauce), supply and demand (with scenarios involving celebrity golf tournament tickets and inferior goods), and elasticity of demand (calculating income elasticity). The questions utilize tables and scenarios to test application of economic concepts. This preview only provides the first few questions as examples of the format and content. The complete exam also includes instructions for completing the scantron form.