Exam 2: Econometrics and Factors of Production

The percentage change in output caused by a given percentage change in a variable factor is:

The starting point of econometric analysis is:

Marginal rate of substitution between factors is equal to the ratio of :

Quota sample is………………….sample.

The amount of a productive factor that is essential to produce a unit of product is called:

The term 'econometrics' was coined by:

Among the following, which is an assumption of OLS

The elasticity of substitution under cob- Douglas function:

Econometrics model is ………….model.

If $\propto$ + = 1 is related to:

If output is exhausted by the distributive shares of all factors:

Linearity means

In an econometric model, Y = $\infty$ + $\beta$ X, $\infty$ shows,

When a north Indian town data and south Indian data are totaled, it leads to the problem of -------------aggregation.

In perfect linear model, we assume that regression coefficient remains………..

Those which meet or satisfy the constraints of the problem:

Error term serves the purpose of…………………….. assumption in economics:

Student t test is preferred in the case of a,

Cobb Douglas production function is an example of :

if all factors of production are increased in a given proportion, output also increased in a same proportion: