100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Introduction to Econometrics 4th Edition by James Stock and Mark Watson - All Chapters 1-19 | TEST BANK £22.52
Add to cart
Quickly navigate to
Preview
  2.  
  3. Introduction To Econometrics
  4.  
  5. Introduction to Econometrics

Exam (elaborations)

Introduction to Econometrics 4th Edition by James Stock and Mark Watson - All Chapters 1-19 | TEST BANK

2 reviews
 10 purchases
  • Module
  • Introduction to Econometrics
  • Institution
  • Introduction To Econometrics
  • Book
  • Introduction to Econometrics

TABLE OF CONTENTS PART I: INTRODUCTION AND REVIEW Economic Questions and Data Review of Probability Review of Statistics PART II: FUNDAMENTALS OF REGRESSION ANALYSIS Line ar Regression with One Regressor Regression with a Single Regressor: Hypothesis Tests and Confidence Intervals Linear Regression...

[Show more]

Preview 4 out of 565  pages

Document information

  • February 6, 2023
  • 565
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • introduction to econometrics 4th edition by james stock and mark watson isbn 13 978 0134461991
  • introduction to econometrics 4th edition by james stock and mark watson isbn 13 978 0134461991 chapter

Connected book

book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:

Written for

  • Introduction to Econometrics
  • Introduction to Econometrics

2  reviews

review-writer-avatar

By: pprowland • 1 month ago

review-writer-avatar

By: pizdav • 1 year ago

Seller

avatar-seller
AcademiContent

Reviews received

Content preview

,Introduction to Econometrics, 4e (Stock/Watson)
Chapter 1 Economic Questions and Data

1.1 Multiple Choice Questions

1) Analyzing the behavior of unemployment rates across U.S. states in March of 2006 is an
example of using:
A) time series data.
B) panel data.
C) cross-sectional data.
D) experimental data.
Answer: C

2) Studying inflation in the United States from 1970 to 2006 is an example of using:
A) randomized controlled experiments.
B) time series data.
C) panel data.
D) cross-sectional data.
Answer: B

3) Analyzing the effect of minimum wage changes on teenage employment across the 48
contiguous U.S. states from 1980 to 2004 is an example of using:
A) time series data.
B) panel data.
C) having a treatment group vs. a control group, since only teenagers receive minimum wages.
D) cross-sectional data.
Answer: B

4) Panel data:
A) is also called longitudinal data.
B) is the same as time series data.
C) studies a group of people at a point in time.
D) typically uses control and treatment groups.
Answer: A

5) Econometrics can be defined as follows with the exception of:
A) the science of testing economic theory.
B) fitting mathematical economic models to real-world data.
C) a set of tools used for forecasting future values of economic variables.
D) measuring the height of economists.
Answer: D

,6) To provide quantitative answers to policy questions:
A) it is typically sufficient to use common sense.
B) you should interview the policy makers involved.
C) you should examine empirical evidence.
D) is typically impossible since policy questions are not quantifiable.
Answer: C

7) An example of a randomized controlled experiment is when:
A) households receive a tax rebate in one year but not the other.
B) one U.S. state increases minimum wages and an adjacent state does not, and employment
differences are observed.
C) random variables are controlled for by holding constant other factors.
D) some 5th graders in a specific elementary school are allowed to use computers at school
while others are not, and their end-of-year performance is compared holding constant other
factors.
Answer: D

8) Ideal randomized controlled experiments in economics are:
A) often performed in practice.
B) often used by the Federal Reserve to study the effects of monetary policy.
C) useful because they give a definition of a causal effect.
D) sometimes used by universities to determine who graduates in four years rather than five.
Answer: C

9) Most economic data are obtained:
A) through randomized controlled experiments.
B) by calibration methods.
C) through textbook examples typically involving ten observation points.
D) by observing real-world behavior.
Answer: D

10) One of the primary advantages of using econometrics over typical results from economic
theory, is that:
A) it potentially provides you with quantitative answers for a policy problem rather than simply
suggesting the direction (positive/negative) of the response.
B) teaching you how to use statistical packages
C) learning how to invert a 4 by 4 matrix.
D) all of the above.
Answer: A

11) In a randomized controlled experiment:
A) there is a control group and a treatment group.
B) you control for the effect that random numbers are not truly randomly generated
C) you control for random answers
D) the control group receives treatment on even days only.
Answer: A

2
Copyright © 2019 Pearson Education, Inc.

, 12) The reason why economists do not use experimental data more frequently is for all of the
following reasons EXCEPT that real-world experiments:
A) cannot be executed in economics.
B) with humans are difficult to administer.
C) are often unethical.
D) have flaws relative to ideal randomized controlled experiments.
Answer: A

13) The most frequently used experimental or observational data in econometrics are of the
following type:
A) cross-sectional data.
B) randomly generated data.
C) time series data.
D) panel data.
Answer: A

14) In the graph below, the vertical axis represents average real GDP growth for 65 countries
over the period 1960-1995, and the horizontal axis shows the average trade share within these
countries.




This is an example of:
A) cross-sectional data.
B) experimental data.
C) a time series.
D) longitudinal data.
Answer: A


3
Copyright © 2019 Pearson Education, Inc.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller AcademiContent. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £22.52. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

Test Bank for Scientific American Presenting Psychology 3rd Edition By Deborah Licht, Misty Hull, Coco Ballant1 (All Chapters, 100% Original Verified, A+ Grade)

Exam (elaborations) ·

(0)

NRNP 6665 Midterm Exam (Latest-2022, 100 Q & A) / NRNP 6665N Midterm Exam / NRNP6665 Midterm Exam / NRNP-6665N Midterm Exam: Walden University | 100% Correct Q & A |

Exam (elaborations) ·

(0)

Exam (elaborations) Primary Care: Art and Science of Advanced Practice Nursing - An Interprofessional Approach 5th edition Dunphy Test Bank(LATEST VERSION)

Other ·

(2)

Solution Manual - Design and Analysis of Experiments, 10th Edition by Montgomery, All 15 Chapters Covered, Verified Latest Edition

Exam (elaborations) ·

(0)

Test Bank - Human Physiology: An Integrated Approach, 8th Global Edition by Silverthorn, All 26 Chapters Covered, Verified Latest Edition

Exam (elaborations) ·

(0)

TEST BANK FOR Psychiatric Mental Health Nursing 8th edition by Shelia Videbeck ;All Chapters with Questions & Answers |9781975116378 | Complete Guide A+

Summary ·

(1)

Summary OCR A Level History: The Cold War in Asia 1945-1993 and the Cold War in Europe 1941-95 - AS Unit F962 - European and World History Period Studies

Package deal ·

(0)

Florida Civic Literacy Exams (FCLE) (Latest 2024/ 2025 Updates STUDY BUNDLE WITH COMPLETE SOLUTIONS) Questions and Verified Answers| 100% Correct| Grade A

Exam (elaborations) ·

(0)

Test Bank for An Introduction to Brain and Behavior 6th Edition by Bryan Kolb , Ian Q. Whishaw , G. Campbell Teskey 9781319107376 Chapter 1-16 Complete Guide.

£22.52  10x  sold
  • (2)
Add to cart
Added