« previous next »

Author Question: You lose your job and as a result your demand for steak falls. This implies that you consider steaks ... (Read 180 times)

olgavictoria

  • Hero Member
  • *****
  • Posts: 528
on: Jul 1, 2018
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
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes
Risk factors for falls Risk factors for falls
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
Top Sirloin Butt Steak Top Sirloin Butt Steak
People with Huntington disease develop problems with neuromuscular control and gradually lose the us People with Huntington disease develop problems with neuromuscular control and gradually lose the us
Sol Duc Falls in Olympic National Park, Washington. Sol Duc Falls in Olympic National Park, Washington.
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library