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    Mathematical-Economics Solved MCQs (Set-4)

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    MiressaBeJi
    This document contains 100 multiple choice questions about economics and econometrics. The questions cover topics such as regression, hypothesis testing, types of functions, consumption functions, and cost functions. They assess knowledge of key concepts in economics including homoscedasticity, heteroscedasticity, OLS estimators, coefficients, and the difference between positive and normative economic statements.

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    Mathematical-Economics Solved MCQs (Set-4)

    Uploaded by

    MiressaBeJi
    123 views8 pages
    This document contains 100 multiple choice questions about economics and econometrics. The questions cover topics such as regression, hypothesis testing, types of functions, consumption functions, and cost functions. They assess knowledge of key concepts in economics including homoscedasticity, heteroscedasticity, OLS estimators, coefficients, and the difference between positive and normative economic statements.

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    Mathematical-economics Solved MCQs [Set-4] McqMate.com

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    This document contains 100 multiple choice questions about economics and econometrics. The questions cover topics such as regression, hypothesis testing, types of functions, consumption functions, and cost functions. They assess knowledge of key concepts in economics including homoscedasticity, heteroscedasticity, OLS estimators, coefficients, and the difference between positive and normative economic statements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    123 views8 pages

    Mathematical-Economics Solved MCQs (Set-4)

    Uploaded by

    MiressaBeJi
    This document contains 100 multiple choice questions about economics and econometrics. The questions cover topics such as regression, hypothesis testing, types of functions, consumption functions, and cost functions. They assess knowledge of key concepts in economics including homoscedasticity, heteroscedasticity, OLS estimators, coefficients, and the difference between positive and normative economic statements.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 8

    te

    a
    q M
    c Economics MCQs [set-4]
    Mathematical
    M
    76. Homoscedasticity means------ for disturbances

    A. equal mean

    B. equal variance

    C. zero mean

    D. none of the above

    Answer: B

    77. The literal meaning of econometrics is

    A. estimation

    B. economic measurement

    C. forecasting

    D. testing

    Answer: B

    78. Economic theory makes statements that are mostly

    A. quantitative

    B. qualitative

    C. positive

    D. none of the above

    Answer: B

    79. In the function, Q= ?+?P, the intercept coefficient is

    A. ?

    B. ?

    C. p

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    te
    a
    D. q
    q M
    Answer: B c
    M
    80. Heteroscedasticity implies

    A. equal spread

    B. unequal spread

    C. equal mean

    D. equal variance

    Answer: B

    81. Given any two X values the classical linear regression model assumes
    the correlation between the disturbances as

    A. one

    B. infinity

    C. negative

    D. zero

    Answer: D

    82. which is the dependent variable in the Keynesian consumption function

    A. income

    B. consumption

    C. price

    D. output

    Answer: B

    83. in the regression context, the OLS estimators are BLUE according to

    A. central limit theorem

    B. gauss markov theorem

    C. young theorem

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    te
    a
    D. fisher’s theorem
    q M
    Answer: B c
    M
    84. The summary measure used to measure the goodness of fit of a
    regression line

    A. coefficient of determination

    B. coefficient of variation

    C. standard error d standar

    D. deviation

    Answer: A

    85. The numerical value of coefficient of determination lies between

    A. -1 and 1

    B. 0 and 1

    C. -? to +?

    D. -? to 1

    Answer: B

    86. The classical theory of statistical inference consists of

    A. estimation and hypothesis testing

    B. regression and correlation

    C. averages and dispersion

    D. none of the above

    Answer: A

    87. The rejecting of a true hypothesis is called

    A. type i error

    B. type ii error

    C. standard error

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    te
    a
    D. point estimation
    q M
    Answer: A c
    M
    88. Which of the following is used to measure the degree of association
    between two variables

    A. coefficient of determination

    B. coefficient of correlation

    C. standard error d standar

    D. deviation

    Answer: B

    89. The accepting of a false hypothesis is called

    A. type i error

    B. type ii error

    C. standard error

    D. point estimation

    Answer: B

    90. The larger the standard error, the ----- the width of the confidence
    interval

    A. smaller

    B. larger

    C. infinity

    D. cannot calculate

    Answer: B

    91. -? represents:

    A. Diminishing returns to scale

    B. Increasing returns to scale

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    te
    a
    C. Constant returns to scale
    q M
    D. None of the above c
    Answer: C M
    92. _____ is the best criteria to judge the validity of a model :

    A. Assumptions

    B. Information it provides

    C. Its simplicity

    D. predictive power

    Answer: D

    93. The given function f (x) = ax + b, is an example of ____ function:

    A. quadratic

    B. polynomial

    C. linear

    D. rational

    Answer: C

    94. The given function f (x) = ax2 + bx + c , is an example of ____ function:

    A. quadratic

    B. polynomial

    C. linear

    D. rational

    Answer: A

    95. For a utility function u = xy + 3x + 4y, marginal utility of good x is:

    A. xy + 3x + 4y

    B. y + 3

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    te
    a
    C. x + 4
    q M
    D. y + 3x c
    Answer: B M
    96. Given a consumption function C = 250 + 0.75Yd, autonomous
    consumption is ____

    A. 0.75

    B. 0

    C. 250

    D. -0.75

    Answer: C

    97. For a total cost function TC = 1.5Q2 + 4Q + 46, MC is :

    A. 1.5Q + 4 +

    B. 1.5Q + 4

    C. 1.5Q

    D. 4Q + 46

    Answer: A

    98. Abstraction from reality is made based on :

    A. assumptions

    B. prediction

    C. theory

    D. hypothesis

    Answer: A

    99. ____ is a simplified description of reality, designed to yield hypothesis


    about economic behaviour that can be tested.

    A. theory

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    te
    a
    B. postulate
    q M
    C. proposition c
    D. economic model M
    Answer: B

    100. ____ models are mathematical models designed to be used with data.

    A. Empirical

    B. Visual

    C. Mathematical

    D. Simulation

    Answer: A

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    te
    a
    q M
    c
    Take Quick Mock/Practice test on this topic HERE

    M
    For Discussion / Reporting / Correction of any MCQ please visit discussion page by clicking on
    'answer' of respective MCQ.

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