ECON 1B03 - Introductory Microeconomics Midterm Test VERSION 2 with possible questions and correct answers McMaster University
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Course
ECON 1B03 - Introductory Microeconomics
Institution
ECON 1B03 - Introductory Microeconomics
ECON 1B03 - Introductory Microeconomics Midterm Test VERSION 2 with possible questions and correct answers McMaster University
Instructions
Identify the choice that best completes the statement or answers the question.
1. Market demand is given as Qd = 140 – 2P. Market supply is given as Qs ...
ECON 1B03 - Introductory Microeconomics Midterm Test VERSION
2 with possible questions and correct answers McMaster
University
,Name:
Student Number:
ECONOMICS 1B03
Introductory Microeconomics
Fall 2022
Midterm Test
VERSION 2
ANSWERS
Date: Saturday, October 22, 2022
Time: 10am – 11:20am
Instructions:
This test paper contains 10 pages including the title page and 40 questions + 1
Bonus. You are re- sponsible for ensuring that your copy of the paper is complete.
Please bring any discrepancy to the attention of your invigilator.
Only the McMaster Standard (Casio - FX991 MS or MS PLUS) Calculator may be
used. This test paper must be returned along with the scan sheet.
Write your name and student number on the test paper and the
scan sheet. Bubble in your student number and version on the scan
sheet.
YOU HAVE 80 MINUTES TO COMPLETE THE TEST.
Total Marks Available: 41
Page 2 of 18
, OMR EXAMINATION - STUDENT INSTRUCTIONS
NOTE: IT IS YOUR RESPONSIBILITY TO ENSURE THAT THE ANSWER SHEET IS
PROPERLY COMPLETED: YOUR EXAMINATION RESULT DEPENDS UPON PROPER
ATTENTION TO THESE INSTRUCTIONS.
The scanner, which reads the sheets, senses the shaded areas by their non-
reflection of light. A heavy mark must be made, completely filling the circular
bubble, with a HB pencil. Marks made with a pen or felt-tip marker will NOT be
sensed. Erasures must be through or the scanner may still sense a mark. Do NOT
use correction fluid on the sheets. Do NOT put any unnecessary marks or writing
on the sheets.
1. Print your name, student number, course name, section number and
the date in the space provided at the top of Side 1 (red side) of the
form.
2. Mark your student number in the space provided on the sheet on Side
1 and fill in the corresponding bubbles underneath.
3. Mark only ONE choice from the alternatives (1,2,3,4,5, or A,B,C,D,E)
provided for each question. If there is a True/False question, enter
response of 1 (or A) as True, and 2 (or B) as False. The question
number is to the left of the bubbles. Make sure that the number of
the question on the scan sheet is the same as the question number
on the test paper.
4. Pay particular attention to the Marking Directions on the form.
5. Begin answering questions using the first set of bubbles, marked “1".
Page 3 of 18
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