100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Test Bank for Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19. (Complete Download) Updated A+£11.01
Add to cart
Test Bank for Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19. (Complete Download) Updated A+
52 views 2 purchases
Module
Introduction to Econometrics
Institution
Introduction To Econometrics
Book
Introduction to Econometrics
Test Bank for Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19. (Complete Download) Updated A+ TABLE OF CONTENTS PART I: INTRODUCTION AND REVIEW Economic Questions and Data Review of Probability Review of Statistics PART II: FUNDAMENTALS OF REGRESSION AN...
test bank for introduction to econometrics 4th edi
test bank for introduction to econometrics
test bank introduction to econometrics by james h
by james stock and mark watson isbn
Connected book
Book Title:
Author(s):
Edition:
ISBN:
Edition:
More summaries for
Test Bank for Introduction to Econometrics (Global Edition) 4e James Stock, Mark Watson
Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-13 978-0134461991. Chapters 1-19. (Complete Download). 565 Pages. TEST BANK.
Introduction to Econometrics, Stock - Exam Preparation Test Bank (Downloadable Doc)
All for this textbook (5)
Written for
Introduction to Econometrics
All documents for this subject (18)
Seller
Follow
ASolution
Reviews received
Content preview
Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19
L
Introduction to
Econometrics 4th
Edition by James Stock
and Mark Watson.
ISBN-. Chapters 1-19
Test Bank Page 1
, Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19
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:
Test Bank Page 2
, Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19
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
Test Bank Page 3
, Introduction to Econometrics 4th Edition by James Stock and Mark Watson. ISBN-. Chapters 1-19
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
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.
Test Bank Page 4
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 ASolution. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £11.01. You're not tied to anything after your purchase.
