Multiple Choice
____ is a simplified description of reality, designed to yield hypothesis about economic behaviour that can be tested.
A) theory
B) postulate
C) proposition
D) economic model
Correct Answer:
Verified
Correct Answer:
Verified
Q1: _ is the best criteria to judge
Q2: Heteroscedasticity implies<br>A)equal spread<br>B)unequal spread<br>C)equal mean<br>D)equal variance
Q4: _ models are mathematical models designed to
Q5: Which of the following is used to
Q6: The numerical value of coefficient of determination
Q7: Economic theory makes statements that are mostly<br>A)quantitative<br>B)qualitative<br>C)positive<br>D)none
Q8: The classical theory of statistical inference consists
Q9: The rejecting of a true hypothesis is
Q10: The accepting of a false hypothesis is
Q11: Given any two X values the classical