simon fraser university (SFU ) • Department of Economics

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ECON 305 ECON 305 1

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ECON 305-D100/ ECON350: FIRST MIDTERM EXAM – ANSWER KEY | Latest 2025 - Simon Fraser University.

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1 Department of Economics ECON 305-D100 Simon Fraser University February 9, 2024 FIRST MIDTERM EXAM – ANSWER KEY PART 1: Multiple Choice Questions (1.25 points each, 30 points total) THERE IS ONLY ONE CORRECT ANSWER PER QUESTION 1. The theory of efficiency wages can help explain: (a) Why competition from immigrants reduces low-skilled wages (b) Why many unemployed workers find a new job within a few weeks (c) Why Canadian unemployment increased by less than US unemployment in 2008 (d...

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