Question Details

Those goods having a calculated income elasticity that is negative are called


1.	Producers' goods are:
a)	consumers' goods
b)	raw materials combined to produce consumer goods
c)	durable goods used by consumers
d)	always more expensive when used by corporations
2.	Iron ore is an example of a:
a)	durable good
b)	producers' good
c)	nondurable good
d)	consumer good
3.	Those goods having a calculated income elasticity that is negative are called:
a)	producers' goods
b)	durable goods
c)	inferior goods
d)	nondurable goods
4.	The standard deviation of the error terms in an estimated regression equation is known as:
a)	coefficient of determination
b)	correlation coefficient
c)	Durbin-Watson statistic
d)	standard error of the estimate
5.	In regression analysis, the existence of a high degree of intercorrelation among some or all of the explanatory variables in the regression equation constitutes:
a)	autocorrelation
b)	a simultaneous equation relationship
c)	nonlinearities
d)	heteroscedasticity
e)	multicollinearity




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