TEST BANK FOR Introductory Econometrics: A Modern Approach 7th Edition by Jeffrey M. Wooldridge||NEWEST EDITION

,TestgBankg–IntroductorygEconometrics:gAgModerngApproach,g5thgEditiongbygJeffreygM.gWooldridge

WithgPERFECTgSOLUTIONgAVAILABLEgOFgALLgCHAPTERS

Chapterg1

1. Econometricsgisgthegbranchgofgeconomicsgthatg .
a. studiesgthegbehaviorgofgindividualgeconomicgagentsgingmakinggeconomicgdecisions
b. developsgandgusesgstatisticalgmethodsgforgestimatinggeconomicgrelationships
c. dealsgwithgthegperformance,gstructure,gbehavior,gandgdecision-makinggofgang economygasgagwhole
d. appliesgmathematicalgmethodsgtogrepresentgeconomicgtheoriesgandgsolvegeconomicgproblems.


Econometricsgisgbasedgongthegdevelopmentgofgstatistic
algmethodsgforgestimatinggeconomicgrelationships,gtesti
nggeconomicgtheories,gevaluatingggovernmentgandgbusi
nessgpolicies.
2. Nonexperimentalgdatagisgcalledg .
a. cross-sectionalg data
b. timegseriesgdata
c. observationalgdata
d. panelgdata




3. Whichgofgthegfollowinggisgtruegofgexperimentalgdata?
a. Experimentalgdatagaregcollectedginglaboratorygenvironmentsgingthegnaturalgsciences.
b. Experimentalgdatagcannotgbegcollectedgingagcontrolledgenvironment.
c. Experimentalgdatagisgsometimesgcalledgobservationalgdata.
d. Experimentalgdatagisgsometimesgcalledgretrospectivegdata.


4. Angempiricalganalysisgreliesgong togtestgagtheory.
a. commongsense
b. ethicalgconsiderations
c. data
d. customsgandgconventions


5. Thegtermg‘u’gingangeconometricgmodelgisgusuallygreferredgtogasgtheg .
a. errorgterm
b. parameter
c. hypothesis
d. dependentgvariable


6. Thegparametersgofgangeconometricgmodelg .
a. includegallgunobservedgfactorsgaffectinggthegvariablegbeinggstudied

,b. describegthegstrengthgofgthegrelationshipgbetweengthegvariablegundergstudygandgthegfactorsgaffec
tinggit
c. refergtogthegexplanatorygvariablesgincludedgingthegmodel
d. refergtogthegpredictionsgthatgcangbegmadegusinggthegmodel
7. Whichgofgthegfollowinggisgthegfirstgstepgingempiricalgeconomicganalysis?
a. Collectiongofgdata
b. Statementgofghypotheses
c. Specificationgofgangeconometricgmodel
d. Testinggofghypotheses


8. Agdatagsetgthatgconsistsgofgagsamplegofgindividuals,ghouseholds,gfirms,gcities,gstates,gcountries,g
orgagvarietygofgothergunits,gtakengatgaggivengpointgingtime,gisgcalledga(n)g .
a. cross-sectionalgdatagset
b. longitudinalgdatagset
c. timegseriesgdatagset
d. experimentalgdatagset


9. Datagongthegincomegofglawggraduatesgcollectedgatgdifferentgtimesgduringgthegsamegyeargis .
a. panelgdata
b. experimentalgdata
c. timegseriesgdata
d. cross-sectionalgdata


10. Agdatagsetgthatgconsistsgofgobservationsgongagvariablegorgseveralgvariablesgovergtimegisgcalle
dgagdatagset.
a. binary
b. cross-sectional
c. timegseries
d. experimental


11. Whichgofgthegfollowinggisgangexamplegofgtimegseriesgdata?
a. Datagongthegunemploymentgratesgingdifferentgpartsgofgagcountrygduringgagyear.
b. Datagongthegconsumptiongofgwheatgbyg200ghouseholdsgduringgagyear.
c. Datagongtheggrossgdomesticgproductgofgagcountrygovergagperiodgofg10gyears.
d. Datagongthegnumbergofgvacanciesgingvariousgdepartmentsgofgangorganizationgongagparticulargmonth.


12. Whichgofgthegfollowinggrefersgtogpanelgdata?
a. Datagongthegunemploymentgrategingagcountrygovergag5-yeargperiod
b. Datagongthegbirthgrate,gdeathgrategandgpopulationggrowthgrategingdevelopinggcountriesgovergag
10-gyeargperiod.
c. Datagongthegincomegofg5gmembersgofgagfamilygongagparticulargyear.
d. Datagongthegpricegofgagcompany’sgsharegduringgagyear.

, 13. Whichgofgthegfollowinggisgagdifferencegbetweengpanelgandgpooledgcross-sectionalgdata?
a. Agpanelgdatagsetgconsistsgofgdatagongdifferentgcross-
sectionalgunitsgovergaggivengperiodgofgtimegwhilegagpooledgdatagsetgconsistsgofgdatagongthegsamegcro
ss-sectionalgunitsgovergaggivengperiodgofgtime.
b. Agpanelgdatagsetgconsistsgofgdatagongthegsamegcross-
sectionalgunitsgovergaggivengperiodgofgtimegwhilegagpooledgdatagsetgconsistsgofgdatagongdifferentgcro
ss-sectionalgunitsgovergaggivengperiodgofgtime
c. Agpanelgdatagconsistsgofgdatagongagsinglegvariablegmeasuredgatgaggivengpointgingtimegwhilegagpo
oledgdatagsetgconsistsgofgdatagongthegsamegcross-sectionalgunitsgovergaggivengperiodgofgtime.
d. Agpanelgdatagsetgconsistsgofgdatagongagsinglegvariablegmeasuredgatgaggivengpointgingtimegwhilegagpo
oledgdatagsetgconsistsgofgdatagongmoregthangonegvariablegatgaggivengpointgingtime.

14. hasgagcausalgeffectgong .
a. Income;gunemployment
b. Height;ghealth
c. Income;gconsumption
d. Age;gwage


15. Whichgofgthegfollowinggisgtrue?
a. Agvariableghasgagcausalgeffectgonganothergvariablegifgbothgvariablesgincreasegorgdecre
asegsimultaneously.
b. Thegnotiongofg‘ceterisgparibus’gplaysgangimportantgrolegingcausalganalysis.
c. Difficultyginginferringgcausalitygdisappearsgwhengstudyinggdatagatgfairlyghighglevelsgofgaggregation.
d. Thegproblemgofginferringgcausalitygarisesgifgexperimentalgdatagisgusedgforganalysis.


16. Experimentalgdatagaregsometimesgcalledgretrospectivegdata.gF
17. Angeconomicgmodelgconsistsgofgmathematicalgequationsgthatgdescribegvariousgrelationshipsgbetwe
engeconomicgvariables.gT

18. Agcross-sectionalgdatagsetgconsistsgofgobservationsgongagvariablegorgseveralgvariablesgovergtime.gF
19. Agtimegseriesgdatagisgalsogcalledgaglongitudinalgdatagset.g T

20. Thegnotiongofgceterisgparibusgmeansg“othergfactorsgbeinggequal.”gT




Chapterg2

1. Agdependentgvariablegisgalsogknowngasga(n)g .
a. explanatorygvariable
b. controlgvariable
c. predictorgvariable
d. responsegvariable