UNIVERSITY OF COLORADO AT BOULDEREconomicsInstructor: Anna Rubinchik-Pessach Office: 121Class: Econ 4211 Semester: Fall 2005 Date: December 2005Final Exam (Review)Student Name:Student ID:Name: Student ID: Page: 2 of 5Econ 4211Final ExamA Gov ernment Spending. (Choose 2 out of 3)1. Suppose a government project (repairing a local bridge) will increase the numberof employed in a small town. Twenty new workers will be hired and paid$15 perhour for the coming year. Should this be counted as a benefit generated by theproject?Econ 4211 Fall 2005 Final Exam (Review) December 2005Name: Student ID: Page: 3 of 52.Should the costs and benefits for a public project be discounted at a differentrate? Demonstrate your answer using the plans to reform the U.S. Social Securitysystem.Econ 4211 Fall 2005 Final Exam (Review) December 2005Name: Student ID: Page: 4 of 53.A politician claims that government shou ld intervene in the education marketto “even the playing field” for rich and poor families. Which justification forgovernment intervention in the education market is the politician using? Shouldgovernment intervene in this market? Justify your answer.Econ 4211 Fall 2005 Final Exam (Review) December 2005Name: Student ID: Page: 5 of 5B Taxation. (Please, solve all the problems in this section)1. See q. 12, ch. 19, p. 5442. See q. 13, ch. 20, p. 5783. See q. 13, ch.21, p. 605C Political Economy (extra credit)1. See q. 12, ch.9, p. 245Econ 4211 Fall 2005 Final Exam (Review) December
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