Economics regular model exit 2016

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Economics regular model exit 2016

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1 / 100

In a given market, consumers' surplus would, all else equal, be increased by:

2 / 100

In order to determine whether to use a fixed effects or random effects model, a researcher conducts a Hausman test. Which of the following statements is false?

3 / 100

Which of the following are advantages of the use of panel data over pure cross-sectional or pure time-series modeling?(i) The use of panel data can increase the number of degrees of freedom and therefore the power of tests(ii) The use of panel data allows the average value of the dependent variable to vary either cross-sectionally or over time or both(iii) The use of panel data enables the researcher allows the estimated relationship between the independent and dependent variables to vary either cross-sectionally or over time or both

4 / 100

According to the Marshall-Lerner condition, if a country's currency depreciates its trade balance will worsen if elasticity of demand for exports is ______ and elasticity of demand for imports is _______.

5 / 100

Assume that Kenya faces an 8% inflation rate while no inflation exists in Japan. According to the purchasing power parity theory, in the long-run Kenyan shilling will be expected to:

6 / 100

Which of the following statements is necessarily incorrect about AK endogenous growth model?

7 / 100

The steady state growth rates in the Solow growth model with technological progress indicates:

8 / 100

he short run supply curve of a competitive market firm is:

9 / 100

When a perfectly competitive firm makes a decision to shut down, it is most likely that

10 / 100

The main decision for a profit maximizing perfectly competitive firm is NOT what ________ but what ________.

11 / 100

In the long run the average cost fulfills the following, except:

12 / 100

Which one of the following is not true about Stage one production period?

13 / 100

Which one of the following is false?

14 / 100

If OLS is applied separately to each equation that is part of a simultaneous system, the resulting estimates will be

15 / 100

In the context of simultaneous equations modeling, which of the following statements is true concerning an endogenous variable?

16 / 100

Suppose that we estimate a logit model based on an intercept and two explanatory variables and the parameter estimates are respectively β ̂_1=0.1,β ̂_2=0.3 and β ̂_3=-0.2, the average values of the explanatory variables are X ̅_1=0.5,X ̅_1=0.8. A 1-unit increase in X_2 will cause an increase in the probability that the outcome corresponding to Y=1 to

17 / 100

Which of the following is correct concerning logit and probit models?

18 / 100

It is possible to convert the coefficients of logit estimation to their probit perspective by multiplying them √3/( π). According to Amemiya it is possible to convert LPM coefficients with same conversion factors to logit coefficient irrespective of which coefficient in the model.

19 / 100

If all the explanatory variables are qualitative information, and you run regression without including an intercept term, the estimated coefficients represent :

20 / 100

If a researcher has a qualitative information independent variable and introduce all the categories in to a regression model without creating a benchmark. Hence she will face a Problem of:

21 / 100

Given the foreign currency market for the Kenyan shilling, the supply of shillings slopes upward, because as the dollar price of the shillings rises:

22 / 100

The monetary approach to BoP adjustment has been subjected to criticisms on all of the following grounds, except the assumption of:

23 / 100

In the Mundell-Fleming model under fixed exchange rates, the automatic adjustment process produces BoP equilibrium as:

24 / 100

The main difference between the monetary approach and the portfolio balance approach is that:

25 / 100

According to the J-curve effect, when the exchange value of a country’s currency appreciates, the country’s trade balance:

26 / 100

The statistical discrepancy component of a balance of payment is used to:

27 / 100

If birr’s and dollar’s interest rate are 0.01 and 0.02 respectively, and the current exchange rate is 105.

28 / 100

Given that the spot rate of Yuan today is $2.00 while the 3 month forward rate is $2.02, how can a U.S. importer who has to pay ¥10,000 in 3 months hedge his foreign exchange risk?

29 / 100

A high level of tariff rate that aims is to stop all international trade is ____________.

30 / 100

The Solow growth model shows that:

31 / 100

Which of the following statements is necessarily correct?

32 / 100

In the Solow growth model, if the capital stock is below the Golden Rule level:

33 / 100

A time-inconsistency problem in macroeconomic policy can occur when the policymaker:

34 / 100

The American economist, Robert Lucas has argued that traditional methods of policy evaluation:

35 / 100

If we assume workers and all jobs are the same and each worker equally well-suited to each job, then:

36 / 100

When you deposit birr 100,000 in your local bank such as Commercial Bank of Ethiopia, even though you can withdraw that amount at any time:

37 / 100

According to the permanent income hypothesis, consumption is primarily determined by:

38 / 100

One of the following is not an opportunity of WTO membership

39 / 100

Temporary trade restrictions for new industries until they build competition capacity is refereed as ________________

40 / 100

  For Heckscher and Ohlin, the most important cause of the difference in relative commodity price and trade between nations is a difference in

41 / 100

From the following one is not Major features of mercantilists

42 / 100

Which one of the following is the most radical form of economic cooperation?

43 / 100

Which one of the following was not principle of GATT

44 / 100

A strategy in which trade and industrial incentives are biased in favor of production for domestic market over the export market.

45 / 100

To test the significance of the OLS parameter estimators we need, except

46 / 100

Suppose that we estimate the model given as : Y_i=α+βX_i+u_i from the data collected from a sample size of 10 and we got RSS=200 and ESS = 200. Then which of the following can be the value of coefficient of determination?

47 / 100

Which of the following is correctly defined:

48 / 100

Which of the following is not among formal methods of detecting Hetroscedaicity?

49 / 100

Which of the following is incorrect statement regarding to classical linear regression model assumptions?

50 / 100

Which of the following is not feature of time series data?

51 / 100

Which of the following models are linear in both parameters and variables?

52 / 100

Which of the following is different from the others?

53 / 100

In Imperfect-Information Model

54 / 100

Which of the following is incorrect regarding IS-LM model?

55 / 100

If the government of Ethiopia decreases the price of one dollar from Birr 55/$1 to Birr 50/$1 we say that

56 / 100

Which of the following statements is incorrect?

57 / 100

Which of the following is true regarding aggregate demand curve?

58 / 100

……………………..is a decrease in private investment as a result of a rise in government purchase/ investment.

59 / 100

……………….. is the purchase of new plant & equipment by firms to add to their stock of capital & to replace existing capital as it wears out.

60 / 100

Which of the following statements is correct?

61 / 100

Which one of the following schools of economic thought favor “Laissez-faire”?

62 / 100

Which of the following statement is false?

63 / 100

_____________ is the process by which sellers send messages to buyers conveying information about product quality.

64 / 100

Moral hazard is an information problem that arises when:

65 / 100

Which of the following is incorrect about technological Progress and income distribution?

66 / 100

Monopolistic exploitation is occurred

67 / 100

Suppose that the probability of players playing low price is 25% and playing high price is 75%. Then what is the mixed strategy Nash equilibrium of this game?

68 / 100

In Cournot model if there are 6 firms in the industry each will provide _______ of the market, and the industry output will be _________. The missed values in this statement are respectively

69 / 100

Which of the followings can be rationale for collusion?

70 / 100

Which of the following is not characteristic/assumption of monopolistic competition market?

71 / 100

People hold their wealth in different assets and money is one alternative of holding wealth. This statements best suit for which motive of money?

72 / 100

From the following which one is considered as the liability of central bank?

73 / 100

Which one of the following is a direct monetary instrument of central bank?

74 / 100

Which one is incorrect about open market operation from the following statements?

75 / 100

Which of the following factors that affect liquidity of an asset?

76 / 100

Which of the following are financial intermediaries that accept deposits from individuals and institutions and make loans.

77 / 100

If the person or corporation selling the bonds to the Central bank and cashes the Central bank's check at a local bank for currency, which would be incorrect alternative on the possible impact of this OMO on reserve, security and monetary base?

78 / 100

Among the player in money supply process which one is an individuals and institutions that save in banks mostly.

79 / 100

Suppose that the National Bank of Ethiopia purchases Birr 100 of bonds from a bank and pays for them with a Birr 100 check. From this information which one is correct?

80 / 100

integration of one the following function is equal to

81 / 100

1.      Derivative of one of the following is equivalent to its integral

82 / 100

Given the marginal saving as a function of income (x) as MS(x)=, then how much is the total saving between 2 and 4 income level

83 / 100

One of the following integrals is indefinite integral

84 / 100

Given polynomial cost of production function as ƒ(x) = 3×3 – 4×2 + 6x+200. Then at when 2 units of output are produced (i.e. at x=2),

85 / 100

If the profit (π) of a company is linear function of output (x) which is given as π(x)=3x+5 then, the value of marginal profit is_______

86 / 100

Identify incorrect statement about the difference between differentiation and integration

87 / 100

Economy can face trade deficit due to one of the following results

88 / 100

Which of the following is not true about agriculture's role in economic development

89 / 100

The Malthusian theory of population growth, as formulated by Malthus, proved

90 / 100

Compared to the developed countries, the LDCs have

91 / 100

Which of the following statement is false?

92 / 100

Which of the following case contributes for the higher population growth?

93 / 100

Which the following countries have higher fertility rates?

94 / 100

Which of the following is the make the Tobin’s q model different from neoclassical model?

95 / 100

Identify the incorrect statement according to the Solow growth model.

96 / 100

Which of the following describes an increase in technological knowledge?

97 / 100

The main domestic source of savings in LDCs is

98 / 100

According to the Harrod-Domar model, an increase in growth rates depends on one of the followings

99 / 100

According to W.W.Rostow, which of the following does not belong to the “precondition for takeoff”?

100 / 100

In a given market, consumers' surplus would, all else equal, be increased by:

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