Test Bank for Introduction to Econometrics, 4th Edition by Stock (All Chapters included).pdf

Introduction mto mEconometricsm4th mEdition mby mJamesmStock mand mMark mWatson.mISBN-
L




.mChaptersm1-19




Introduction to Econo m m




metrics 4th Edition by J
m m m m




ames Stock and Mark
m m m m




Watson.
ISBN-. Chapters 1-19
m m




TestmBank Pagem1

, Introduction mto mEconometricsm4th mEdition mby mJamesmStock mand mMark mWatson.mISBN-
.mChaptersmm1-19
Introduction tom Econometrics,m4em(Stock/Watson)mCha
pterm1m EconomicmQuestionsmandmData


1.1m m MultiplemChoicemQuestions


1) Analyzingmthembehaviormof munemployment mratesmacrossmU.S.mstatesminmMarchmof m2006mis m
anmexamplemof musing:
A) timemseriesmdata.
B) panelmdata.
C) cross-sectionalmdata.
D) experimentalmdata.
mAnswer:m C


2) StudyingminflationminmthemUnited mStatesmfromm1970mtom2006mismanmexamplemof musing:
A) randomized mcontrolled mexperiments.
B) timemseriesmdata.
C) panelmdata.
D) cross-
sectionalmdata.mAnswer:
m B


3) Analyzingmthemeffect mof mminimummwagemchangesmonmteenagememployment macrossmthem
48mcontiguousmU.S.mstatesmfromm1980mtom2004mismanmexamplemof musing:
A) timemseriesmdata.
B) panelmdata.
C) havingmamtreatment mgroupmvs.mamcontrolmgroup,msincemonlymteenagersmreceivemminimummwages.
D) cross-
sectionalmdata.mAnswer:
m B


4) Panelmdata:
A) ismalsomcalled mlongitudinalmdata.
B) ismthemsamemasmtimemseriesmdata.
C) studiesmamgroupmof mpeoplemat mampoint minmtime.
D) typicallymusesmcontrolmand mtreatment mgroups
.mAnswer:m A
TestmBank Pagem2

, Introduction mto mEconometricsm4th mEdition mby mJamesmStock mand mMark mWatson.mISBN-
.mChaptersm1-19
5) Econometricsmcanmbemdefined masmfollowsmwithmthemexceptionmof:




TestmBank Pagem3

, Introduction mto mEconometricsm4th mEdition mby mJamesmStock mand mMark mWatson.mISBN-
A) .the
mChapters m1-19
mscience mof mtestingmeconomicmtheory.



B) fittingmmathematicalmeconomicmmodelsmtomreal-world mdata.
C) amset mof mtoolsmused mformforecastingmfuturemvaluesmof meconomicmvariables.
D) measuringmthemheight mof meconomists
.mAnswer:m D
6) Tomprovidemquantitativemanswersmtompolicymquestions:
A) it mismtypicallymsufficient mtomusemcommonmsense.
B) youmshould minterview mthempolicymmakersminvolved.
C) youmshould mexaminemempiricalmevidence.
D) ismtypicallymimpossiblemsince mpolicymquestionsmaremnot mquantifiabl
e.mAnswer:m C


7) Anmexamplemof mamrandomized mcontrolled mexperiment mismwhen:
A) householdsmreceivemamtaxmrebateminmonemyearmbut mnot mthemother.
B) onemU.S.mstatemincreasesmminimummwages mand manmadjacent mstatemdoesmnot,ma
nd memployment mdifferencesmaremobserved.
C) randommvariablesmaremcontrolled mformbymholdingmconstant mothermfactors.
D) somem5thmgradersminmamspecificmelementarymschoolmaremallowed mtomusemcomputersmat msch
oolmwhilemothers maremnot,mand mtheirmend-of-
yearmperformancemismcompared mholdingmconstant mothermfactors.
Answer:m D


8) Idealmrandomized mcontrolled mexperimentsminmeconomicsmare:
A) oftenmperformed minmpractice.
B) oftenmused mbymthemFederalmReservemtomstudymthemeffectsmof mmonetarympolicy.
C) usefulmbecausemtheymgivemamdefinitionmof mamcausalmeffect.
D) sometimesmused mbymuniversitiesmtomdeterminemwhomgraduatesminmfourmyearsmrathermth
anmfive.mAnswer:m C


9) Most meconomicmdatamaremobtained:
A) throughmrandomized mcontrolled mexperiments.
B) bymcalibrationmmethods.
C) throughmtextbookmexamplesmtypicallyminvolvingmtenmobservationmpoints.
D) bymobservingmreal-
world mbehavior.mAnswer:m D


TestmBank Pagem4