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This set of Mathematical Economics Multiple Choice Questions & Answers (MCQs) focuses on Mathematical Economics Set 4

Q1 | Homoscedasticity means------ for disturbances
Q2 | The literal meaning of econometrics is
Q3 | Economic theory makes statements that are mostly
Q4 | In the function, Q= α+βP, the intercept coefficient is
Q5 | Heteroscedasticity implies
Q6 | Given any two X values the classical linear regression model assumes the correlationbetween the disturbances as
Q7 | which is the dependent variable in the Keynesian consumption function
Q8 | in the regression context, the OLS estimators are BLUE according to
Q9 | The summary measure used to measure the goodness of fit of a regression line
Q10 | The numerical value of coefficient of determination lies between
Q11 | The classical theory of statistical inference consists of
Q12 | The rejecting of a true hypothesis is called
Q13 | Which of the following is used to measure the degree of association between twovariables
Q14 | The accepting of a false hypothesis is called
Q15 | The larger the standard error, the ----- the width of the confidence interval
Q16 | -βrepresents:
Q17 | _____ is the best criteria to judge the validity of a model :
Q18 | The given function f (x) = ax + b, is an example of ____ function:
Q19 | The given function f (x) = ax2+ bx + c , is an example of ____ function:
Q20 | For a utility function u = xy + 3x + 4y, marginal utility of good x is:
Q21 | Given a consumption function C = 250 + 0.75Yd, autonomous consumption is ____
Q22 | For a total cost function TC = 1.5Q2+ 4Q + 46, MC is :
Q23 | Abstraction from reality is made based on :
Q24 | ____ is a simplified description of reality, designed to yield hypothesis about economicbehaviour that can be tested.
Q25 | ____ models are mathematical models designed to be used with data.