This preview shows pages 1–2. Sign up to view the full content.
Sample Multiple Choice Questions: Economics 151a midterm
1.
The 95% confidence interval around a regression coefficient is calculated as
A:
1 standard error above to 1 standard error below the coefficient
B:
the slope of the regression line
C:
2 standard errors above to 2 standard errors below the coefficient
D:
none of the above
2.
The unemployment rate in the U.S. is generally calculated as
A:
total number of unemployed individuals/ population
B:
total number of unemployed
individuals/ labor force
C:
total number of unemployed individuals/total number of employed individuals
D:
(total number of unemployed individuals + number not looking for work) / labor force
3.
The labor supply curve will be downward sloping if
A:
leisure is not a normal good
B:
the substitution effect of a wage change on leisure is greater than the income effect
C:
the income effect of a wage change on leisure is greater than the substitution effect
D:
leisure and consumption are complements
4.
An increase in the endowment point (increase in unearned income) in a standard leisure
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
This is the end of the preview. Sign up
to
access the rest of the document.
This note was uploaded on 02/14/2011 for the course ECON 151A taught by Professor Miller during the Spring '06 term at UC Davis.
 Spring '06
 Miller
 Economics

Click to edit the document details