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Simultaneous Equations Models and Joint Determination Quiz
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Simultaneous Equations Models and Joint Determination Quiz

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Questions and Answers

Which type of statistical model involves dependent variables that are functions of other dependent variables, rather than just independent variables?

  • Time series models
  • Regression models
  • Simultaneous equations models (correct)
  • Panel data models
  • In economics, what is the consequence of some underlying equilibrium mechanism?

  • Dependent variable (correct)
  • Simultaneity
  • Explanatory variable
  • Independent variable
  • What assumption of the Gauss-Markov theorem is violated in the estimation of simultaneous equations models?

  • Heteroscedasticity
  • Multicollinearity
  • Strict exogeneity (correct)
  • Homoscedasticity
  • Why does estimating all simultaneous equations at once often lead to a computationally costly problem?

    <p>Non-linear optimization</p> Signup and view all the answers

    In the supply and demand model, what can determine the price in addition to the quantity supplied and demanded?

    <p>Quantity demanded by consumers</p> Signup and view all the answers

    Which subdiscipline of mathematics deals with the study of numbers?

    <p>Number theory</p> Signup and view all the answers

    Which subdiscipline of mathematics focuses on the study of shapes and the spaces in which they are contained?

    <p>Geometry</p> Signup and view all the answers

    What is the main activity in mathematics that involves the discovery of properties of abstract objects and the use of pure reason to prove them?

    <p>Deduction</p> Signup and view all the answers

    What are the entities in modern mathematics that are stipulated to have certain properties called?

    <p>Axioms</p> Signup and view all the answers

    What does a proof in mathematics consist of?

    <p>Deductive rules</p> Signup and view all the answers

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