Exam: Micro Unit 6- Market Failure and Role of Government

This test comes in two parts:

• MC questions- answer all questions to the best of your ability. Choose the most correct answer for each question. 
• FRQ questions-include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the questions prompts your to "calculate", you must show how you arrived at your final answer.

You have 70 minutes to complete this test and only one attempt. Good luck! :)