Question:

An increase in income lead to the increase in quantity demanded of thegood:

A.

negative good

B.

positive good

C.

superior good

D.

normal good

Answer» c. superior good

Question:

The proportionate change in quantity demanded by a good due toproportionate change in the price of the other good:

A.

price elasticity

B.

income elasticity

C.

cross elasticity

D.

demand elasticity

Answer» c. cross elasticity

Question:

The term ‘econometrics’ was coined by:

A.

marsahll

B.

pawel

C.

ragner frisch

D.

clompa

Answer» c. ragner frisch

Question:

An identity between two alternative:

A.

behavioral

B.

definitional

C.

conditional

D.

none

Answer» b. definitional

Question:

The transformation of physical inputs in to outputs:

A.

production function

B.

consumption function

C.

saving function

D.

none

Answer» a. production function

Question:

Student t test is preferred in the case of a,

A.

small sample

B.

large sample

C.

when sample is below 50

D.

when sample is above 50

Answer» a. small sample

Question:

The difference between the present level of income and the past level ofincome:

A.

saving

B.

consumption

C.

investment

D.

none

Answer» c. investment

Question:

The addition to total cost:

A.

mc

B.

ac

C.

tc

D.

none

Answer» a. mc

Question:

Revenue function TR = 22x²+14, find Marginal revenue?

A.

44x

B.

40x

C.

22x

D.

54x

Answer» a. 44x

Question:

In econometric models, t+1 indicates:

A.

net addition

B.

current value with some fluctuations

C.

expected value

D.

none of these

Answer» c. expected value