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Sample Multiple Choice Questions

Sample Multiple Choice Questions - Sample Multiple Choice...

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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.
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