When considering effects on the automobile market, an increase in auto worker he
ID: 1181289 • Letter: W
Question
When considering effects on the automobile market, an increase in auto worker health benefits leads to:
a. movement along the supply curve.
b. movement along the demand curve.
c. a shift in demand.
d. a shift in supply.
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2. A linear regression model implies:
a. a constant effect of independent variable on dependent variable.
b constant effect of dependent variable on independent variable.
c. constant elasticity.
d. a log-linear relation.
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3. A simple regression model necessarily involves:
a. one variable.
b. one dependent variable and one independent variable.
c. more than one dependent variable.
d. more than one independent variable.
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4. A sample of market data taken at a point in time is a:
a. statistical series.
b. cross-section.
c. time series.
d. population.
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5. An uncertain relation that is true on average is a:
a. cross-section relation.
b. deterministic relation.
c. statistical relation.
d. time-series relation.
Explanation / Answer
d. a shift in supply.
a. a constant effect of independent variable on dependent variable.
b. one dependent variable and one independent variable.
b. cross-section.
b. deterministic relation.
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