Question Details

Those goods having a calculated income elasticity that is negative 


1.	Those goods having a calculated income elasticity that is negative are called:
2.	Which of the following would tend to make demand INELASTIC?
3.	When using a multiplicative power function (Y = a X1b1 X2b2 X3b3) to represent an economic relationship, estimates of the parameters (a, and the b's) using linear regression analysis can be obtained by first applying a ____ transformation to convert the function to a linear relationship.
4.	In which of the following econometric problems do we find Durbin-Watson statistic being far away from 2.0?
5.	All of the following are reasons why an association relationship may not imply a causal relationship except:



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