Mathematical Economics And Econometrics Set 3

Bachelor of Arts in Economics (BA Economics)

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This set of Mathematical Economics and Econometrics Multiple Choice Questions & Answers (MCQs) focuses on Mathematical Economics And Econometrics Set 3

Q1 | The power of a statistical test is defined as,
  • 1-β
  • 1 + β
  • 1
  • β
Answer: 1-β
Q2 | Standard error is defined as,
  • standard deviation of the sampling distribution
  • standard deviation of the population
  • variance of the sampling distribution
  • variance of the population
Answer: standard deviation of the sampling distribution
Q3 | Student t test is preferred in the case of a,
  • small sample
  • large sample
  • when sample is below 50
  • when sample is above 50
Answer: small sample
Q4 | Cobb Douglas production function is an example of :
  • linear model
  • double log model
  • lin log model
  • log lin model
Answer: double log model
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