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, IntroductiontoEconometrics,4e(Stock/Watson)
h1 Chapter 1 Economic Questionsand Data
h1 h1 - h1
1.1 h1 h1 MultipleChoiceQuestions
1) Analyzingthebehaviorofunemploymentratesacross U.S.statesin Marchof2006is an h1 - h1
h1 exampleofusing:
A) timeseriesdata.
B) paneldata.
C) cross-sectionaldata.
D) experimentaldata.
Answer: C
h1 h1
2) Studying inflationinthe United Statesfrom 1970 to 2006 is an exampleofusing:
- h1 h1 h1 h1 h1 - h1 h1
A) randomized controlledexperiments.
-
B) time seriesdata. -
C) paneldata.
D) cross-sectionaldata.
Answer: B
h1 h1
3) Analyzingtheeffectofminimumwagechangesonteenageemploymentacrossthe48 1
h
h1 contiguous U.S. statesfrom 1980 to 2004 is an exampleofusing:
h1 h1 h1 h1 h1 h1 h1 h1
A) timeseriesdata.
B) paneldata.
C) havingatreatment groupvs.acontrolgroup, - h 1 h 1 sinceonlyteenagersreceive minimum wages.
- -
D) cross-sectionaldata.
Answer: B
h1 h1
4) Paneldata:
A) isalsocalledlongitudinaldata.
B) isthesameas timeseriesdata. h1
C) studiesagroupofpeople at apointin time. - - -
D) typicallyusescontrolandtreatmentgroups.
Answer: A
h1 h1
5) Econometricscanbedefined as followswiththeexception of: h1 h1 -
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, A) thescienceoftestingeconomictheory.
B) fittingmathematicaleconomic modelsto real-world data. - - -
C) asetoftoolsusedforforecastingfuturevaluesofeconomicvariables.
D) measuring theheightofeconomists. -
Answer: D
h1 h1
6) Toprovidequantitative answerstopolicyquestions: h1
A) it is typicallysufficienttouse commonsense.
- h1 -
B) youshouldinterviewthepolicymakersinvolved.
C) youshouldexamineempiricalevidence.
D) istypicallyimpossiblesincepolicyquestionsarenotquantifiable.
h 1 Answer: C h1
7) Anexampleof arandomizedcontrolled experimentiswhen:
h 1 -
A) householdsreceiveataxrebatein oneyearbutnot theother. - -
B) oneU.S. stateincreasesminimumwagesand an adjacentstatedoes not, and
h1 h1 - h1 h1
h1 employment differencesareobserved.
h1
C) randomvariablesarecontrolled forbyholding constantotherfactors. - -
D) some5th gradersin aspecificelementaryschoolareallowed tousecomputers at school
- - - h1 h1 -
h 1 whileothersarenot, andtheirend-of-yearperformanceiscomparedholding constantother
h1 -
h1 factors.
Answer: D h1
8) Idealrandomizedcontrolled experimentsineconomics are: - -
A) oftenperformedinpractice.
B) oftenusedbythe Federal Reservetostudytheeffectsofmonetarypolicy.
h1 h1
C) usefulbecausetheygivea definition ofacausaleffect. - -
D) sometimesusedbyuniversities todeterminewhograduates infouryears ratherthan - - - -
h 1 h 1 five. Answer: C
h1 h1
9) Mosteconomicdataareobtained:
A) throughrandomizedcontrolledexperiments.
B) bycalibrationmethods.
C) throughtextbook examplestypicallyinvolvingten observationpoints.
- -
D) byobservingreal-worldbehavior.
Answer: D
h1 h1
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,Test Bank
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, IntroductiontoEconometrics,4e(Stock/Watson)
h1 Chapter 1 Economic Questionsand Data
h1 h1 - h1
1.1 h1 h1 MultipleChoiceQuestions
1) Analyzingthebehaviorofunemploymentratesacross U.S.statesin Marchof2006is an h1 - h1
h1 exampleofusing:
A) timeseriesdata.
B) paneldata.
C) cross-sectionaldata.
D) experimentaldata.
Answer: C
h1 h1
2) Studying inflationinthe United Statesfrom 1970 to 2006 is an exampleofusing:
- h1 h1 h1 h1 h1 - h1 h1
A) randomized controlledexperiments.
-
B) time seriesdata. -
C) paneldata.
D) cross-sectionaldata.
Answer: B
h1 h1
3) Analyzingtheeffectofminimumwagechangesonteenageemploymentacrossthe48 1
h
h1 contiguous U.S. statesfrom 1980 to 2004 is an exampleofusing:
h1 h1 h1 h1 h1 h1 h1 h1
A) timeseriesdata.
B) paneldata.
C) havingatreatment groupvs.acontrolgroup, - h 1 h 1 sinceonlyteenagersreceive minimum wages.
- -
D) cross-sectionaldata.
Answer: B
h1 h1
4) Paneldata:
A) isalsocalledlongitudinaldata.
B) isthesameas timeseriesdata. h1
C) studiesagroupofpeople at apointin time. - - -
D) typicallyusescontrolandtreatmentgroups.
Answer: A
h1 h1
5) Econometricscanbedefined as followswiththeexception of: h1 h1 -
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-
, A) thescienceoftestingeconomictheory.
B) fittingmathematicaleconomic modelsto real-world data. - - -
C) asetoftoolsusedforforecastingfuturevaluesofeconomicvariables.
D) measuring theheightofeconomists. -
Answer: D
h1 h1
6) Toprovidequantitative answerstopolicyquestions: h1
A) it is typicallysufficienttouse commonsense.
- h1 -
B) youshouldinterviewthepolicymakersinvolved.
C) youshouldexamineempiricalevidence.
D) istypicallyimpossiblesincepolicyquestionsarenotquantifiable.
h 1 Answer: C h1
7) Anexampleof arandomizedcontrolled experimentiswhen:
h 1 -
A) householdsreceiveataxrebatein oneyearbutnot theother. - -
B) oneU.S. stateincreasesminimumwagesand an adjacentstatedoes not, and
h1 h1 - h1 h1
h1 employment differencesareobserved.
h1
C) randomvariablesarecontrolled forbyholding constantotherfactors. - -
D) some5th gradersin aspecificelementaryschoolareallowed tousecomputers at school
- - - h1 h1 -
h 1 whileothersarenot, andtheirend-of-yearperformanceiscomparedholding constantother
h1 -
h1 factors.
Answer: D h1
8) Idealrandomizedcontrolled experimentsineconomics are: - -
A) oftenperformedinpractice.
B) oftenusedbythe Federal Reservetostudytheeffectsofmonetarypolicy.
h1 h1
C) usefulbecausetheygivea definition ofacausaleffect. - -
D) sometimesusedbyuniversities todeterminewhograduates infouryears ratherthan - - - -
h 1 h 1 five. Answer: C
h1 h1
9) Mosteconomicdataareobtained:
A) throughrandomizedcontrolledexperiments.
B) bycalibrationmethods.
C) throughtextbook examplestypicallyinvolvingten observationpoints.
- -
D) byobservingreal-worldbehavior.
Answer: D
h1 h1
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