To test whether the overall regression equation is statistically significant one uses
A. the standard error statistic.
B. the F-statistic.
C. the t-statistic.
D. the R2-statistic.
Answer: B
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When BMW, an German company, purchases a welding machine that was made in Toronto, the purchase is
A) a German export and a Canadian import. B) a German import and a Canadian export. C) both a German and a Canadian import. D) neither an export nor an import for either country.
Suppose the daily demand for Coke and Pepsi in a small city are given by QC = 90 - 100PC + 400(PP - PC) and QP = 90 - 100PP + 400(PC - PP), where QC and QP are the number of cans Coke and Pepsi sell, respectively, in thousands per day. PC and PP are the prices of a can of Coke and Pepsi, respectively, measured in dollars. The marginal cost is $0.45 per can for both Coke and Pepsi. What is Pepsi's inverse demand function?
A. PP = (0.18 + 0.8PC) - 0.002QP B. QP = (0.18 + 0.8PC) - 0.002PP C. PP = (90 + 400PC) - 0.002QP D. QP = (90 + 400PC) - 0.002PP
The idea that consumers will not consistently discount the future over time is known as ________
A) intertemporal choice B) tertiary inversion C) hyperbolic discounting D) antediluvian Machiavellianism
If the money market is in the liquidity trap, then people
A) do not want to hold money because its value is at its lowest. B) want to hold bonds because the interest rate is quite high. C) do not want to hold bonds because their price is likely to decrease. D) want to hold bonds because their price is high. E) a, b and d