Question:

Linearity means

A.

the ols estimates are linear function of random variable

B.

the ols estimates are function of variable

C.

the ols estimates are function of random variable

D.

the ols estimates has minimum variance

Answer» a. the ols estimates are linear function of random variable

Question:

The relationship between the price of the commodity and quantity of thecommodity supplied:

A.

demand

B.

equilibrium

C.

supply

D.

none

Answer» c. supply

Question:

The first order derivative of Total Utility:

A.

mu

B.

tu

C.

au

D.

none

Answer» a. mu

Question:

Consumption function is given C = 35 + .4 Yd , find MPC:

A.

.4

B.

.6

C.

.8

D.

.7

Answer» a. .4

Question:

Cobb Douglas production function is an example of :

A.

linear model

B.

double log model

C.

lin log model

D.

log lin model

Answer» b. double log model

Question:

Quota sample is………………….sample.

A.

probability sample

B.

non probability sample

C.

convenient sample

D.

judgment sample

Answer» b. non probability sample

Question:

The proportionate change in quantity demanded and the proportionatechange in price is:

A.

price elasticity

B.

income elasticity

C.

cross elasticity

D.

none

Answer» a. price elasticity

Question:

Error term serves the purpose of…………………….. assumption ineconomics:

A.

dynamic

B.

static

C.

comparative

D.

none of the above

Answer» d. none of the above

Question:

If ∝ + = 1 is related to:

A.

constant

B.

increase

C.

decrease

D.

none

Answer» a. constant

Question:

The measurement of economic data:

A.

mathematical

B.

econometrics

C.

business

D.

statistics

Answer» b. econometrics