Exam InformationShow all your steps for solving problems on the test so I can give you partial credit in case you make some small oversight. Arrange your work in a neat and logical fashion so the steps are easy to follow.The exam is worth a total of 100 points, 25% of your total grade.There is a two and a half hour time limit for the test, but it probably won’t take you that long if you are well prepared.No books, no notes will be allowed during the examination.Calculators are not needed and will not be allowed during the examination.Be sure you follow all the steps in the last exam question. Failure to comply with these instructions may result in a grade of zero on the test.

The primary component of the current account is the:  

The syllabus contains a section regarding drop and withdrawal policy.

Attendance is a requirement in this class.

I am committed to being successful in this class to pass with a satisfactory score.

I have two attempts at the quizzes.

There is no extra credit opportunity in this class.

Choose ONE of the following. Remember that you are handwriting this essay and do not need to submit anything but your name in the textbox.  If you have accommodations to type your response, do so here.  “Hitler followed a carefully planned foreign policy between 1933 and 1939.” To what extent do you agree with this statement? “The weakness of collective security was the main reason for Chamberlain’s signing of the Munich Agreement.” Discuss.

Directions: Read Sources I-L and answer questions 9 to 12 in the answer sheet.  Be sure to submit it as a pdf file in the next question.  The sources and questions relate to case study 2: German and Italian expansion (1933–1940) — Causes of expansion: Appeasement. If you have accommodations to type your response, please do so here rather than submit the pdf.

Suppose the demand curve for backpacks is Q = 38 – 2P. What is the lowest price at which no consumer is willing to buy backpacks (i.e., the demand choke price)?