ECO 550 Midterm Part 1
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www.foxtutor.com/product/eco-550-midterm-part-1
Question 1
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:
Question 2
In the shareholder wealth maximization model, the value of a firm's stock is equal to the present
value of all expected future ____ discounted at the stockholders' required rate of return.
Question 3
Various executive compensation plans have been employed to motivate managers to make
decisions that maximize shareholder wealth. These include:
Question 4
The primary objective of a for-profit firm is to ___________.
Question 5
To reduce Agency Problems, executive compensation should be designed to:
Question 6
Which of the following will increase (V0), the shareholder wealth maximization model of the firm:
V0∙(shares outstanding) = Σ∞t=1 (π t ) / (1+ke)t + Real Option Value.
Question 7
A change in the level of an economic activity is desirable and should be undertaken as long as the
marginal benefits exceed the ____.
Question 8
The standard deviation is appropriate to compare the risk between two investments only if
Question 9
Based on risk-return tradeoffs observable in the financial marketplace, which of the following
securities would you expect to offer higher expected returns than corporate bonds?
Question 10
The ____ is the ratio of ____ to the ____.
Question 11
The approximate probability of a value occurring that is greater than one standard deviation from
the mean is approximately (assuming a normal distribution)
Question 12
The primary difference(s) between the standard deviation and the coefficient of variation as
measures of risk are:
Question 13
Suppose we estimate that the demand elasticity for fine leather jackets is .7 at their current
prices. Then we know that:
Question 14
Producers' goods are:
Question 15
When demand is ____ a percentage change in ____ is exactly offset by the same percentage change
in ____ demanded, the net result being a constant total consumer expenditure.
Question 16
Songwriters and composers press music companies to lower the price for music downloads because
Question 17
A price elasticity (ED) of −1.50 indicates that for a ____ increase in price, quantity demanded will
____ by ____.
Question 18
The factor(s) which cause(s) a movement along the demand curve include(s):
Which of the following would tend to make demand INELASTIC?
Question 20
Even though insignificant explanatory variables can raise the adjusted R2 of a demand function,
one should not interpret their effects on the regression when
Question 21
In testing whether each individual independent variables (Xs) in a multiple regression equation is
statistically significant in explaining the dependent variable (Y), one uses the:
Question 22
The estimated slope coefficient (b) of the regression equation (Ln Y = a + b Ln X) measures the ____
change in Y for a one ____ change in X.
Question 23
In which of the following econometric problems do we find Durbin-Watson statistic being far away
from 2.0?
Question 24
When using a multiplicative power function (Y = a X1b1 X2b2 X3b3) to represent an economic
relationship, estimates of the parameters (a, and the b's) using linear regression analysis can be
obtained by first applying a ____ transformation to convert the function to a linear relationship.
Question 25
One commonly used test in checking for the presence of autocorrelation when working with time
series data is the ____.
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ECO 550 Midterm Part 1
Click Below Link To Purchase
www.foxtutor.com/product/eco-550-midterm-part-1
Question 1
Possible goals of Not-For-Profit (NFP) enterprises include all of the following EXCEPT:
Question 2
In the shareholder wealth maximization model, the value of a firm's stock is equal to the present
value of all expected future ____ discounted at the stockholders' required rate of return.
Question 3
Various executive compensation plans have been employed to motivate managers to make
decisions that maximize shareholder wealth. These include:
Question 4
The primary objective of a for-profit firm is to ___________.
Question 5
To reduce Agency Problems, executive compensation should be designed to:
Question 6
Which of the following will increase (V0), the shareholder wealth maximization model of the firm:
V0∙(shares outstanding) = Σ∞t=1 (π t ) / (1+ke)t + Real Option Value.
Question 7
A change in the level of an economic activity is desirable and should be undertaken as long as the
marginal benefits exceed the ____.
Question 8
The standard deviation is appropriate to compare the risk between two investments only if
Question 9
Based on risk-return tradeoffs observable in the financial marketplace, which of the following
securities would you expect to offer higher expected returns than corporate bonds?
Question 10
The ____ is the ratio of ____ to the ____.
Question 11
The approximate probability of a value occurring that is greater than one standard deviation from
the mean is approximately (assuming a normal distribution)
Question 12
The primary difference(s) between the standard deviation and the coefficient of variation as
measures of risk are:
Question 13
Suppose we estimate that the demand elasticity for fine leather jackets is .7 at their current
prices. Then we know that:
Question 14
Producers' goods are:
Question 15
When demand is ____ a percentage change in ____ is exactly offset by the same percentage change
in ____ demanded, the net result being a constant total consumer expenditure.
Question 16
Songwriters and composers press music companies to lower the price for music downloads because
Question 17
A price elasticity (ED) of −1.50 indicates that for a ____ increase in price, quantity demanded will
____ by ____.
Question 18
The factor(s) which cause(s) a movement along the demand curve include(s):
Which of the following would tend to make demand INELASTIC?
Question 20
Even though insignificant explanatory variables can raise the adjusted R2 of a demand function,
one should not interpret their effects on the regression when
Question 21
In testing whether each individual independent variables (Xs) in a multiple regression equation is
statistically significant in explaining the dependent variable (Y), one uses the:
Question 22
The estimated slope coefficient (b) of the regression equation (Ln Y = a + b Ln X) measures the ____
change in Y for a one ____ change in X.
Question 23
In which of the following econometric problems do we find Durbin-Watson statistic being far away
from 2.0?
Question 24
When using a multiplicative power function (Y = a X1b1 X2b2 X3b3) to represent an economic
relationship, estimates of the parameters (a, and the b's) using linear regression analysis can be
obtained by first applying a ____ transformation to convert the function to a linear relationship.
Question 25
One commonly used test in checking for the presence of autocorrelation when working with time
series data is the ____.