Test bank for introductory econometrics

,TestCBankC–IntroductoryCEconometrics:CACModernCApproach,C5thCEditionCbyCJeffreyCM.CWooldridge

WithCPERFECTCSOLUTIONCAVAILABLECOFCALLCCHAPTERS

ChapterC1

1. EconometricsCisCtheCbranchCofCeconomicsCthat .
a. studiesCtheCbehaviorCofCindividualCeconomicCagentsCinCmakingCeconomicCdecisions
b. developsCandCusesCstatisticalCmethodsCforCestimatingCeconomicCrelationships
c. dealsCwithCtheCperformance,Cstructure,Cbehavior,CandCdecision-makingCofCanCeconomyCasCaCwhole
d. appliesCmathematicalCmethodsCtoCrepresentCeconomicCtheoriesCandCsolveCeconomicCproblems.

EconometricsCisCbasedConCtheCdevelopmentCofCstatistical
CmethodsCforCestimatingCeconomicCrelationships,Ctesting


CeconomicCtheories,CevaluatingCgovernmentCandCbusines


sCpolicies.
2. NonexperimentalCdataCisCcalled .
a. cross-sectionalCdata
b. timeCseriesCdata
c. observationalCdata
d. panelCdata



3. WhichCofCtheCfollowingCisCtrueCofCexperimentalCdata?
a. ExperimentalCdataCareCcollectedCinClaboratoryCenvironmentsCinCtheCnaturalCsciences.
b. ExperimentalCdataCcannotCbeCcollectedCinCaCcontrolledCenvironment.
c. ExperimentalCdataCisCsometimesCcalledCobservationalCdata.
d. ExperimentalCdataCisCsometimesCcalledCretrospectiveCdata.

4. AnCempiricalCanalysisCreliesCon toCtestCaCtheory.
a. commonCsense
b. ethicalCconsiderations
c. data
d. customsCandCconventions

5. TheCtermC‘u’CinCanCeconometricCmodelCisCusuallyCreferredCtoCasCthe .
a. errorCterm
b. parameter
c. hypothesis
d. dependentCvariable

6. TheCparametersCofCanCeconometricCmodel .
a. includeCallCunobservedCfactorsCaffectingCtheCvariableCbeingCstudied

,b. describeCtheCstrengthCofCtheCrelationshipCbetweenCtheCvariableCunderCstudyCandCtheCfactorsCaffecting
Cit


c. referCtoCtheCexplanatoryCvariablesCincludedCinCtheCmodel
d. referCtoCtheCpredictionsCthatCcanCbeCmadeCusingCtheCmodel
7. WhichCofCtheCfollowingCisCtheCfirstCstepCinCempiricalCeconomicCanalysis?
a. CollectionCofCdata
b. StatementCofChypotheses
c. SpecificationCofCanCeconometricCmodel
d. TestingCofChypotheses

8. ACdataCsetCthatCconsistsCofCaCsampleCofCindividuals,Chouseholds,Cfirms,Ccities,Cstates,Ccountries,CorC
aCvarietyCofCotherCunits,CtakenCatCaCgivenCpointCinCtime,CisCcalledCa(n) .
a. cross-sectionalCdataCset
b. longitudinalCdataCset
c. timeCseriesCdataCset
d. experimentalCdataCset

9. DataConCtheCincomeCofClawCgraduatesCcollectedCatCdifferentCtimesCduringCtheCsameCyearCis .
a. panelCdata
b. experimentalCdata
c. timeCseriesCdata
d. cross-sectionalCdata

10. ACdataCsetCthatCconsistsCofCobservationsConCaCvariableCorCseveralCvariablesCoverCtimeCisCcalledC
aCdataCset.
a. binary
b. cross-sectional
c. timeCseries
d. experimental

11. WhichCofCtheCfollowingCisCanCexampleCofCtimeCseriesCdata?
a. DataConCtheCunemploymentCratesCinCdifferentCpartsCofCaCcountryCduringCaCyear.
b. DataConCtheCconsumptionCofCwheatCbyC200ChouseholdsCduringCaCyear.
c. DataConCtheCgrossCdomesticCproductCofCaCcountryCoverCaCperiodCofC10Cyears.
d. DataConCtheCnumberCofCvacanciesCinCvariousCdepartmentsCofCanCorganizationConCaCparticularCmonth.

12. WhichCofCtheCfollowingCrefersCtoCpanelCdata?
a. DataConCtheCunemploymentCrateCinCaCcountryCoverCaC5-yearCperiod
b. DataConCtheCbirthCrate,CdeathCrateCandCpopulationCgrowthCrateCinCdevelopingCcountriesCoverCaC10
-CyearCperiod.
c. DataConCtheCincomeCofC5CmembersCofCaCfamilyConCaCparticularCyear.
d. DataConCtheCpriceCofCaCcompany’sCshareCduringCaCyear.

, 13. WhichCofCtheCfollowingCisCaCdifferenceCbetweenCpanelCandCpooledCcross-sectionalCdata?
a. ACpanelCdataCsetCconsistsCofCdataConCdifferentCcross-
sectionalCunitsCoverCaCgivenCperiodCofCtimeCwhileCaCpooledCdataCsetCconsistsCofCdataConCtheCsameCcross-
sectionalCunitsCoverCaCgivenCperiodCofCtime.
b. ACpanelCdataCsetCconsistsCofCdataConCtheCsameCcross-
sectionalCunitsCoverCaCgivenCperiodCofCtimeCwhileCaCpooledCdataCsetCconsistsCofCdataConCdifferentCcross-
sectionalCunitsCoverCaCgivenCperiodCofCtime
c. ACpanelCdataCconsistsCofCdataConCaCsingleCvariableCmeasuredCatCaCgivenCpointCinCtimeCwhileCaCpoole
dCdataCsetCconsistsCofCdataConCtheCsameCcross-sectionalCunitsCoverCaCgivenCperiodCofCtime.
d. ACpanelCdataCsetCconsistsCofCdataConCaCsingleCvariableCmeasuredCatCaCgivenCpointCinCtimeCwhileCaCpoole
dCdataCsetCconsistsCofCdataConCmoreCthanConeCvariableCatCaCgivenCpointCinCtime.

14. C hasCaCcausalCeffectCon .
a. Income;Cunemployment
b. Height;Chealth
c. Income;Cconsumption
d. Age;Cwage

15. WhichCofCtheCfollowingCisCtrue?
a. ACvariableChasCaCcausalCeffectConCanotherCvariableCifCbothCvariablesCincreaseCorCdecreas
eCsimultaneously.
b. TheCnotionCofC‘ceterisCparibus’CplaysCanCimportantCroleCinCcausalCanalysis.
c. DifficultyCinCinferringCcausalityCdisappearsCwhenCstudyingCdataCatCfairlyChighClevelsCofCaggregation.
d. TheCproblemCofCinferringCcausalityCarisesCifCexperimentalCdataCisCusedCforCanalysis.

16. ExperimentalCdataCareCsometimesCcalledCretrospectiveCdata.CF
17. AnCeconomicCmodelCconsistsCofCmathematicalCequationsCthatCdescribeCvariousCrelationshipsCbetwee
nCeconomicCvariables.CT

18. ACcross-sectionalCdataCsetCconsistsCofCobservationsConCaCvariableCorCseveralCvariablesCoverCtime.CF
19. ACtimeCseriesCdataCisCalsoCcalledCaClongitudinalCdataCset.C T

20. TheCnotionCofCceterisCparibusCmeansC“otherCfactorsCbeingCequal.”CT




ChapterC2

1. ACdependentCvariableCisCalsoCknownCasCa(n) .
a. explanatoryCvariable
b. controlCvariable
c. predictorCvariable
d. responseCvariable