TEST BANK with SOLUTION MANUAL For Introductory Econometrics A Modern Approach 13th Edition by Jeffrey M. Wooldridge 2024 graded A+

TestdBankd–
IntroductorydEconometrics:dAdModerndApproach,d5thdEditiondbyddJeffreydM.d
Wooldridge

WithdPERFECTdSOLUTIONdAVAILABLEdOFdALLdCHAPTERS

Chapterd1

1. Econometricsdisdthedbranchdofdeconomicsdthatd .
a. studiesdthedbehaviordofdindividualdeconomicdagentsdindmakingdeconomicddecisions
b. developsdanddusesdstatisticaldmethodsdfordestimatingdeconomicdrelationships
c. dealsdwithdthedperformance,dstructure,dbehavior,dandddecision-
makingdofdandeconomydasdadwhole
d. appliesdmathematicaldmethodsdtodrepresentdeconomicdtheoriesdanddsolved
economicdproblems.

Answer:dbdDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dWhatdisdEconometrics?dBUSPROG:
Feedback:dEconometricsdisdthedbranchdofdeconomicsdthatddevelopsdandduses
dstatisticaldmethodsdfordestimatingdeconomicdrelationships.




2. Nonexperimentalddatadisdcalledd .
a. cross-sectionald data
b. timedseriesddata
c. observationald data
d. panelddata

Answer:dbdDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dWhatdisdEconometrics?dBUSPROG:
Feedback:

3. Whichdofdthedfollowingdisdtruedofdexperimentalddata?
a. Experimentalddatadaredcollecteddindlaboratorydenvironmentsdindthednaturald
sciences.
b. Experimentalddatadcannotdbedcollecteddindadcontrolleddenvironment.
c. Experimentalddatadisdsometimesdcalleddobservationalddata.
d. Experimentalddatadisdsometimesdcalleddretrospectiveddata.

Answer:dadDiffi
culty:dEasy

,Bloom’s:d Knowledge
A-
Head:dWhatdisdEconometrics?dBUSPROG:
Feedback:

4. Andempiricaldanalysisdreliesdond tod testd adtheory.
a. commond sense
b. ethicaldconsiderations
c. data
d. customsdanddconventions

Answer:dcdDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dStepsdindEmpiricaldEconomicdAnalysisdBUSPROG
:
Feedback:dAndempiricaldanalysisdreliesdonddatadtodtestdadtheory.

5. Thedtermd‘u’dindandeconometricdmodeldisdusuallydreferreddtodasdthed .
a. errordterm
b. parameter
c. hypothesis
d. dependentdvariable

Answer:dadDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dStepsdindEmpiricaldEconomicdAnalysisdBUSPROG
:
Feedback:dThedtermdudindandeconometricdmodeldisdcalleddthederrordtermdorddi
sturbancedterm.

6. Thedparametersdofdandeconometricdmodeld .
a. includedalldunobserveddfactorsdaffectingdthedvariabledbeingdstudied
b. describedthedstrengthdofdthedrelationshipdbetweendthedvariabledunderdstudydandd
thedfactorsdaffectingdit
c. referdtodthedexplanatorydvariablesdincludeddindthedmodel
d. referdtodthedpredictionsdthatdcandbedmadedusingdthedmodel

Answer:dbdDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dStepsdindEmpiricaldEconomicdAnalysisdBUSPROG
:

,Feedback:dThedparametersdofdandeconometricdmodelddescribedtheddirectiondanddstren
gthdofdthedrelationshipdbetweendthedvariabledunderdstudydanddthedfactorsdaffectingdit.

7. Whichdofdthedfollowingdisdthedfirstdstepdindempiricaldeconomicdanalysis?
a. Collectiondofddata
b. Statementdofdhypotheses
c. Specificationdofdandeconometricdmodel
d. Testingdofdhypotheses

Answer:dcdDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dStepsdindEmpiricaldEconomicdAnalysisdBUSPROG
:
Feedback:dThedfirstdstepdindempiricaldeconomicdanalysisdisdthedspecificationdofdthedeco
nometricdmodel.

8. Addatadsetdthatdconsistsdofdadsampledofdindividuals,dhouseholds,dfirms,dcities,dstat
es,dcountries,dordadvarietydofdotherdunits,dtakendatdadgivendpointdindtime,disdcalledda(n)
d .
a. cross-sectionald datad set
b. longitudinalddatadset
c. timedseriesddatadset
d. experimentalddatadset

Answer:dadDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dThedStructuredofdEconomicdDatadBU
SPROG:
Feedback:dAddatadsetdthatdconsistsdofdadsampledofdindividuals,dhouseholds,dfirms,dciti
es,dstates,dcountries,dordadvarietydofdotherdunits,dtakendatdadgivendpointdindtime,disdcalle
ddadcross-sectionalddatadset.

9. Datadondthedincomedofdlawdgraduatesdcollecteddatddifferentdtimesdduringdthedsamed
yeardis .
a. panelddata
b. experimentalddata
c. timedseriesddata
d. cross-sectionald data

Answer:dddDiffi
culty:dEasy

, Bloom’s:d Application
A-
Head:dThedStructuredofdEconomicdDatadBU
SPROG:dAnalytic
Feedback:dAddatadsetdthatdconsistsdofdadsampledofdindividuals,dhouseholds,dfirms,dciti
es,dstates,dcountries,dordadvarietydofdotherdunits,dtakendatdadgivendpointdindtime,disdcall
eddadcross-
sectionalddatadset.dTherefore,ddatadondthedincomedofdlawdgraduatesdondadparticulardye
ardaredexamplesdofdcross-sectionalddata.

10. Addatadsetdthatdconsistsdofdobservationsdondadvariabledordseveraldvariablesdoverd
timedisdcalleddad datadset.
a. binary
b. cross-sectional
c. timed series
d. experimental

Answer:dcdDiffi
culty:dEasy
Bloom’s:d Knowledge
A-
Head:dThedStructuredofdEconomicdDatadBU
SPROG:
Feedback:dAdtime-
seriesddatadsetdconsistsdofdobservationsdondadvariabledordseveraldvariablesdoverdtime.

11. Whichdofdthedfollowingdisdandexampledofdtimedseriesddata?
a. Datadondthedunemploymentdratesdinddifferentdpartsdofdadcountrydduringdadyear.
b. Datadondthedconsumptiondofdwheatdbyd200dhouseholdsdduringdadyear.
c. Datadondthedgrossddomesticdproductdofdadcountrydoverdadperioddofd10dyears.
d. Datadondthednumberdofdvacanciesdindvariousddepartmentsdofdandorganizationdondad
particulardmonth.

Answer:dcdDiffi
culty:dEasy
Bloom’s:d Application
A-
Head:dThedStructuredofdEconomicdDatadBU
SPROG:dAnalytic
Feedback:dAdtime-
seriesddatadsetdconsistsdofdobservationsdondadvariabledordseveraldvariablesdover
time.dTherefore,ddatadondthedgrossddomesticdproductdofdadcountrydoverdadperioddofd10d
yearsdisdandexampledofdtimedseriesddata.

12. Whichdofdthedfollowingdrefersdtodpanelddata?
a. Datadondthedunemploymentdratedindadcountrydoverdad5-yeardperiod
b. Datadondthedbirthdrate,ddeathdratedanddpopulationdgrowthdratedinddevelopingd
countriesdoverdad10-yeardperiod.