Test Bank for Introductory Econometrics: A Modern Approach, 8th
Edition Author:Jeffrey M. Wooldridge All Chapters 1-19 Covered 100%
Complete A+ Study Guide LATEST VERSION
FULL TEST BANK!!!
1|Page
, EditionbyJeffreyM.Wooldridge
WithPERFECTSOLUTIONAVAILABLEOFALLCHAPTERS
1. Econometrics is the branch of economics that .
a. studies the behavior of individual economic agents in making economic decisions
b. develops and uses statistical methods for estimatingKeconomic relationships
c. deals with the performance, structure, behavior, and decision-making of an economy as a whole
d. applies mathematical methods to represent economic theories and solve economic problems.
Answer: b Diff
iculty: Easy
Bloom’s:
Knowledge A-
Head: What is Econometrics? B
USPROG:
Feedback: Econometrics is the branch of economics that develops and usesKstatistical
methods for estima ting economic relationships.
2. Nonexperimental data is called .
a. cross-sectional data
b. time series data
c. observational data
d. panel data
Answer: b Diff
iculty: Easy
Bloom’s:
Knowledge A-
2|Page
, Head: What is Econometrics? B
USPROG:
Feedback:
3. Which of the followingKisKtrue of experimental data?
a. Experimental data are collected in laboratory environments in the natural sciences.
b. Experimental data cannot be collected in a controlled environment.
c. Experimental data is sometimes called observational data.
d. Experimental data isKsometimes called retrospective data.
Answer: a Diff
iculty: Easy
Bloom’s: Knowledge
A-Head: What is Econometrics?
3|Page
, BUSPROG:
Feedback:
4. An empirical analysis relies on to test a theory.
a. common sense
b. ethical considerations
c. data
d. customs and conventions
Answer: c Diffi
culty: Easy
Bloom’s:
Knowledge A-
Head: Steps in Empirical Economic
Analysis BUSP ROG:
Feedback: An empirical analysis relies on data to test a theory.
5. The term ‘u’ in an econometric model is usually referred to as the .
a. error term
b. parameter
c. hypothesis
d. dependent variable
Answer: a Diff
iculty: Easy
Bloom’s:
Knowledge A-
Head: Steps in Empirical Economic
Analysis BUSP ROG:
Feedback: The term u in an econometric model is called the error term or disturbance term.
4|Page
Edition Author:Jeffrey M. Wooldridge All Chapters 1-19 Covered 100%
Complete A+ Study Guide LATEST VERSION
FULL TEST BANK!!!
1|Page
, EditionbyJeffreyM.Wooldridge
WithPERFECTSOLUTIONAVAILABLEOFALLCHAPTERS
1. Econometrics is the branch of economics that .
a. studies the behavior of individual economic agents in making economic decisions
b. develops and uses statistical methods for estimatingKeconomic relationships
c. deals with the performance, structure, behavior, and decision-making of an economy as a whole
d. applies mathematical methods to represent economic theories and solve economic problems.
Answer: b Diff
iculty: Easy
Bloom’s:
Knowledge A-
Head: What is Econometrics? B
USPROG:
Feedback: Econometrics is the branch of economics that develops and usesKstatistical
methods for estima ting economic relationships.
2. Nonexperimental data is called .
a. cross-sectional data
b. time series data
c. observational data
d. panel data
Answer: b Diff
iculty: Easy
Bloom’s:
Knowledge A-
2|Page
, Head: What is Econometrics? B
USPROG:
Feedback:
3. Which of the followingKisKtrue of experimental data?
a. Experimental data are collected in laboratory environments in the natural sciences.
b. Experimental data cannot be collected in a controlled environment.
c. Experimental data is sometimes called observational data.
d. Experimental data isKsometimes called retrospective data.
Answer: a Diff
iculty: Easy
Bloom’s: Knowledge
A-Head: What is Econometrics?
3|Page
, BUSPROG:
Feedback:
4. An empirical analysis relies on to test a theory.
a. common sense
b. ethical considerations
c. data
d. customs and conventions
Answer: c Diffi
culty: Easy
Bloom’s:
Knowledge A-
Head: Steps in Empirical Economic
Analysis BUSP ROG:
Feedback: An empirical analysis relies on data to test a theory.
5. The term ‘u’ in an econometric model is usually referred to as the .
a. error term
b. parameter
c. hypothesis
d. dependent variable
Answer: a Diff
iculty: Easy
Bloom’s:
Knowledge A-
Head: Steps in Empirical Economic
Analysis BUSP ROG:
Feedback: The term u in an econometric model is called the error term or disturbance term.
4|Page
