Chrome File Edit View History Bookmarks Profiles Tab Window Help Take Test: Midterm Exam Sumn X + -> C a bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_2521354_1&course_id=_2259451_1&content Collaborate Remaining Time: 1 hour, 01 minute, 03 seconds, Question Completion Status: Question 1 Price (dollars) 20 16 - 12+ Quantity 20 Suppose the world price is $9, Which of the following is true if this market opens for trade? will be 16.unite.Among P MacBook Pro X 80 DOOChrome File Edit View History Bookmarks Profiles Tab Window Help Take Test: Midterm Exam Sumn X + -> C a bbhosted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_2521354_1&course_id=_2259451_1&content Collaborate Remaining Time: 1 hour, 01 minute, 03 seconds, Question Completion Status: Question 1 Price (dollars) 20 16 - 12+ Quantity 20 Suppose the world price is $9, Which of the following is true if this market opens for trade? will be 16.unite.Among P MacBook Pro X 80 DOOQuestion Completion Status: 12+ 10 15 20 Quantity Suppose the world price is $9. Which of the following is true if this market opens for trade? O a. There will be 16 units imported, O b. There will be 7 units imported. O c. There will be 16 units exported, Old. None of these O e. There will be 7 units exported. Moving to another question will save this response. 60 A OQuestion Completion Status: 12+ 10 15 20 Quantity Suppose the world price is $9. Which of the following is true if this market opens for trade? O a. There will be 16 units imported, O b. There will be 7 units imported. O c. There will be 16 units exported, Old. None of these O e. There will be 7 units exported. Moving to another question will save this response. 60 A Osessment_id=_2521354_1&course_id=_2259451_1&content_id=_77640030_1&questi... Remaining Time: 47 minutes, 52 seconds. Question Completion Status: Moving to another question will save this response. Question 3 12 11 10 10 20 30 4 50 60 70 80 90 100 110 120 A price control is passed by the government for the market above. The result of the price control is a quantity demanded of 40 units. Which of the following price controls would result in this outcome? O a. A price floor of $7. O b. A price floor of $4. O c. A price ceiling of $7. O d. None of these O e. A price ceiling of $4. Moving to another question will save this response. 2 60 P WInstructions There are 25 questions, multiple choice. You have 1 hour and 15 minutes to complete the exam. Make sure you have a Timed Test This test has a time limit of 1 hour and 15 minutes.This test will save and submit automatically when the time expire Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave th Your answers are saved automatically. Remaining Time: 43 minutes, 48 seconds. * Question Completion Status: Moving to another question will save this response. Question 5 Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Wine Cheese Wine Cheese Italy 24 18 France 3 8 14 Refer to the table above. Italy has comparative advantage in O a. Cheese O b. Wine and Cheese O c. Wine O d. Nothing O e. None of these A Moving to another question will save this response. 4 MacBook Pro Kdit View History Bookmarks Profiles Tab Window Help t: Midterm Exam Sumn X + sted.cuny.edu/webapps/assessment/take/take.jsp?course_assessment_id=_2521354_1&course. Remaining Time: 43 minutes, 34 seconds. Question Completion Status: Question 4 Price 75 70 65. Domestic supply 60 - A 55 World price 50+ B G D 45 - . . . ...... H 40 - 35 . C Domestic demand 30 25 20 15 10 - 5 . 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Quantity Suppose the above graph represents some economy. What are the consumer surplus for this economy? O a. $400.00 O b. $55.00 c. None of these O d. $67.50 O e. $225.00 2 64dit View History Bookmarks Profiles Tab Window Help t: Midterm Exam Sumn X + sted.cuny.edu/webapps/assessment/take/take.jsp?course_assessment_id=_2521354_1&course. Remaining Time: 43 minutes, 34 seconds. Question Completion Status: Question 4 Price 75 70 65. Domestic supply 60 - A 55 World price 50+ B G D 45 - . . . ...... H 40 - 35 . C Domestic demand 30 25 20 15 10 - 5 . 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Quantity Suppose the above graph represents some economy. What are the consumer surplus for this economy? O a. $400.00 O b. $55.00 c. None of these O d. $67.50 O e. $225.00 2 64C O O Take Test: Midterm Exam Sumn ES Spanish -Legacy C bbhosted.cuny.edu/webapps/assessment/take/take.jsp?course_assessment_id=_2521354_1&course_id=_2259451_1&content_id=_77640030_1&questi... Timea Test This test has a time limit of I hour and 15 minutes. This test will save and submit automatically when the time expires . Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. rces & Force Completion This test can be saved and resumed at any point until time has expired. The timer will continue to run if you leave the test. Your answers are saved automatically. ard Help Resources Remaining Time: 43 minutes, 19 seconds. Resources Question Completion Status: 12 11 10 9 - a - N 10 20 30 0 70 80 90 100 110 120 9 A price control is passed by the government for the market above. The result of the price control is a quantity demanded of 40 units. Which of the following price controls would result in this outcome? O a. A price floor of $7 O b, A price floor of $4. O c. A price ceiling of $7. O d. None of these O e. A price ceiling of $4. Ly A Moving to another question will save this response.me has expired. The timer will continue to run Completion Your answers are saved automatically. Remaining Time: 40 minutes, 42 seconds. Question Completion Status: Moving to another question will save this response. Question 5 Labor Hours Needed to Make 1 Unit of Number of Units Produced in 24 Hours Wine Cheese Wine Cheese taly 24 France 13 16 8 14 Refer to the table above. Italy has comparative advantage in O a. Cheese O b. Wine and Cheese O c. Wine O d. Nothing O e. None of these > Moving to another question will save this response. 65 4 O MacBook Pro