Econometrics MCQ
1. Fundamentally, __________ refers to the ability of a subject and an object to interact.
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2. The average miles per gallon rating of u.s. vehicles has ________.
Answer
Correct Answer:
Made no improvement the past two decades
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3. Parabolic mirrors ________ sunlight on a collecting medium.
Answer
Correct Answer:
Focus intense
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4. The global economy _____.
Answer
Correct Answer:
Has eliminated some jobs in the United States
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5. In a regression analysis, the variable that is used to predict the dependent variable ______.
Answer
Correct Answer:
Is the independent variable
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6. In regression analysis, the independent variable is typically plotted on the _____.
Answer
Correct Answer:
X-axis of a scater diagram
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7. An externality can be created by _______.
Answer
Correct Answer:
Both A & B
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8. The ________ measures the total variation in the dependent variable in simple regression analysis.
Answer
Correct Answer:
Total sum of squares
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9. A _____________ is a line that provides an approximation of the relationship between the variables.
Answer
Correct Answer:
Trendline
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10. All the variables in a multiple regression analysis _____.
Answer
Correct Answer:
Independent
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11. Refer to the data. at 3 units of output, total variable cost is ____ and total cost is ____.
Answer
Correct Answer:
$60; $210
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12. Nonmetallic resources are commonly used for _____.
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13. Lower production costs can allow companies to _____.
Answer
Correct Answer:
Charge lower prices
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14. In economics, cost is measured as ________, and benefit is measured as ________.
Answer
Correct Answer:
What you must give up to get something; what you are willing to give up to get it
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15. All of the following are considered active job search methods except _____.
Answer
Correct Answer:
Attending job training programs
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16. A multiple regression model has _____.
Answer
Correct Answer:
More than one independent variable
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17. The car market is an example of _____ because it has few sellers who offer differentiated products.
Answer
Correct Answer:
Oligopoly
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18. The __________ demand for money stays the same regardless of the interest rate.
Answer
Correct Answer:
Transaction
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19. Real gdp equals _________ times _________.
Answer
Correct Answer:
Labor input; labor productivity
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20. In a regression analysis, if r2 = 1, then _____.
Answer
Correct Answer:
SSE must be equal to 0
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21. Assumptions of a regression model can be evaluated by plotting and analyzing the ____________.
Answer
Correct Answer:
Error terms
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Economics MCQs | Topic-wise
