Example of an economics exam from Harvard University in 1953

Can any economics guru answer these ancient havard economics exam question

Mostly Economics

Prof. Ric Holt (of South Oregon Univ) shares this interesting copy of the exam paper (via a group mail on history of economic thought).

Just take a look at the economics questions asked in Universities  during those times. Needless to say all this has changed dramatically. Earlier it required understanding of history and economics, now it is just about math.As these guys determine the standards elsewhere as well, the disease has caught onto most parts of the world  (if not all):

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