Author Question: You lose your job and as a result your demand for steak falls. This implies that you consider steaks ... (Read 146 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
You lose your job and as a result your demand for steak falls. This implies that you consider steaks to be a
 a. Complementary good
  b. Normal good
  c. Inferior good
  d. Substitute good

Question 2

When there is multicollinearity in an estimated regression equation,
 a. the coefficients are likely to be small.
  b. the t-statistics are likely to be small even though the R2 is large.
  c. the coefficient of determination is likely to be small.
  d. the problem of omitted variables is likely.
  e. the error terms will tend to have a cyclical pattern.



macagn

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

b

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

For a complete list of videos, visit our video library