Chapter 04 - Basic Estimation Techniques
Chapter 04
Basic Estimation Techniques
Multiple Choice Questions
1. For the equation Y = a + bX, the objective of regression analysis is to
a. Estimate the parameters a and b.
b. Estimate the variables Y and X.
c.
Chapter 06 - Elasticity and Demand
Chapter 06
Elasticity and Demand
Multiple Choice Questions
1. The price for which 100 units can be sold is $_.
a. 10.
b. 15.
c. 25.
D. 45.
e. 50.
2. The price at which total revenue is maximized is $_.
a. 10.
b. 15.
c. 2
Chapter 02 - Demand, Supply, and Market Equilibrium
Chapter 02
Demand, Supply, and Market Equilibrium
Multiple Choice Questions
1. If the price of a complement decreases, all else equal,
a. Quantity demanded will decrease.
b. Quantity supplied will decrea
Chapter 01 - Managers, Profits, and Markets
Chapter 01
Managers, Profits, and Markets
Multiple Choice Questions
1. Economic theory is a valuable tool for business decision making because it
A. Identifies for managers the essential information for making a
Questions are printed on
both sides of the paper.
2006 Economics Subject Test
Part I. Multiple Choice (30 questions, 60 points total)
Choose the letter of ONE best answer (each question is worth 2 points).
1.
If the cross elasticity of demand between two