Question:

The relationship between income and consumption:

A.

consumption

B.

saving

C.

investment

D.

none

Answer» a. consumption

Question:

Econometrics model is ………….model.

A.

exogenous

B.

endogenous

C.

identified

D.

either exogenous or endogenous

Answer» d. either exogenous or endogenous

Question:

The ratio of the proportionate change in the quantity purchased of agood to the proportionate change in income:

A.

price elasticity

B.

income elasticity

C.

cross elasticity

D.

none

Answer» b. income elasticity

Question:

The ratio of the factors (K/L):

A.

apk

B.

apl

C.

mpl

D.

mpk

Answer» b. apl

Question:

The first derivative of the consumption function is:

A.

marginal revenue

B.

marginal cost

C.

marginal propensity to consume

D.

none

Answer» c. marginal propensity to consume

Question:

Who is invented the linear programming technique:

A.

h. thail

B.

george b danzig

C.

galton

D.

karl pearson

Answer» b. george b danzig

Question:

Marginal rate of technical substitution is equal to:

A.

mux/muy

B.

mpl/mpk

C.

mrsxy/mrs

D.

mrx/mry

Answer» b. mpl/mpk

Question:

Error term indicates

A.

fluctuations in the given data

B.

variations

C.

random variations

D.

explained variation

Answer» c. random variations

Question:

If output is exhausted by the distributive shares of all factors:

A.

euler theorem

B.

output elasticity

C.

labour share

D.

none

Answer» a. euler theorem

Question:

Standard error is defined as,

A.

standard deviation of the sampling distribution

B.

standard deviation of the population

C.

variance of the sampling distribution

D.

variance of the population

Answer» a. standard deviation of the sampling distribution