TEST BANK with SOLUTION MANUAL For Introductory Econometrics A Modern Approach 17th Edition by Jeffrey M. Wooldridge 2024 graded A+

,TestdBankd–IntroductorydEconometrics:dAdModerndApproach,d5thdEditiondbydJeffreydM.dWooldridge

WithdPERFECTdSOLUTIONdAVAILABLEdOFdALLdCHAPTERS

Chapterd1

1. Econometricsdisdthedbranchdofdeconomicsdthatd .
a. studiesdthedbehaviordofdindividualdeconomicdagentsdindmakingdeconomicddecisions
b. developsdanddusesdstatisticaldmethodsdfordestimatingdeconomicdrelationships
c. dealsdwithdthedperformance,dstructure,dbehavior,dandddecision-makingdofdand economydasdadwhole
d. appliesdmathematicaldmethodsdtodrepresentdeconomicdtheoriesdanddsolvedeconomicdproblems.

Econometricsdisdbaseddondtheddevelopmentdofdstatistical
dmethodsdfordestimatingdeconomicdrelationships,dtesting


deconomicdtheories,devaluatingdgovernmentdanddbusines


sdpolicies.
2. Nonexperimentalddatadisdcalledd .
a. cross-sectionald data
b. timedseriesddata
c. observationalddata
d. panelddata



3. Whichdofdthedfollowingdisdtruedofdexperimentalddata?
a. Experimentalddatadaredcollecteddindlaboratorydenvironmentsdindthednaturaldsciences.
b. Experimentalddatadcannotdbedcollecteddindadcontrolleddenvironment.
c. Experimentalddatadisdsometimesdcalleddobservationalddata.
d. Experimentalddatadisdsometimesdcalleddretrospectiveddata.

4. Andempiricaldanalysisdreliesdond todtestdadtheory.
a. commondsense
b. ethicaldconsiderations
c. data
d. customsdanddconventions

5. Thedtermd‘u’dindandeconometricdmodeldisdusuallydreferreddtodasdthed .
a. errordterm
b. parameter
c. hypothesis
d. dependentdvariable

6. Thedparametersdofdandeconometricdmodeld .
a. includedalldunobserveddfactorsdaffectingdthedvariabledbeingdstudied

,b. describedthedstrengthdofdthedrelationshipdbetweendthedvariabledunderdstudydanddthedfactorsdaffectin
gdit
c. referdtodthedexplanatorydvariablesdincludeddindthedmodel
d. referdtodthedpredictionsdthatdcandbedmadedusingdthedmodel
7. Whichdofdthedfollowingdisdthedfirstdstepdindempiricaldeconomicdanalysis?
a. Collectiondofddata
b. Statementdofdhypotheses
c. Specificationdofdandeconometricdmodel
d. Testingdofdhypotheses

8. Addatadsetdthatdconsistsdofdadsampledofdindividuals,dhouseholds,dfirms,dcities,dstates,dcountries,dord
advarietydofdotherdunits,dtakendatdadgivendpointdindtime,disdcalledda(n)d .
a. cross-sectionalddatadset
b. longitudinalddatadset
c. timedseriesddatadset
d. experimentalddatadset

9. Datadondthedincomedofdlawdgraduatesdcollecteddatddifferentdtimesdduringdthedsamedyeardis .
a. panelddata
b. experimentalddata
c. timedseriesddata
d. cross-sectionalddata

10. Addatadsetdthatdconsistsdofdobservationsdondadvariabledordseveraldvariablesdoverdtimedisdcalledda
ddatadset.


a. binary
b. cross-sectional
c. timedseries
d. experimental

11. Whichdofdthedfollowingdisdandexampledofdtimedseriesddata?
a. Datadondthedunemploymentdratesdinddifferentdpartsdofdadcountrydduringdadyear.
b. Datadondthedconsumptiondofdwheatdbyd200dhouseholdsdduringdadyear.
c. Datadondthedgrossddomesticdproductdofdadcountrydoverdadperioddofd10dyears.
d. Datadondthednumberdofdvacanciesdindvariousddepartmentsdofdandorganizationdondadparticulardmonth.

12. Whichdofdthedfollowingdrefersdtodpanelddata?
a. Datadondthedunemploymentdratedindadcountrydoverdad5-yeardperiod
b. Datadondthedbirthdrate,ddeathdratedanddpopulationdgrowthdratedinddevelopingdcountriesdoverdad10
-dyeardperiod.
c. Datadondthedincomedofd5dmembersdofdadfamilydondadparticulardyear.
d. Datadondthedpricedofdadcompany’sdsharedduringdadyear.

, 13. Whichdofdthedfollowingdisdaddifferencedbetweendpaneldanddpooleddcross-sectionalddata?
a. Adpanelddatadsetdconsistsdofddatadonddifferentdcross-
sectionaldunitsdoverdadgivendperioddofdtimedwhiledadpooledddatadsetdconsistsdofddatadondthedsamedcross-
sectionaldunitsdoverdadgivendperioddofdtime.
b. Adpanelddatadsetdconsistsdofddatadondthedsamedcross-
sectionaldunitsdoverdadgivendperioddofdtimedwhiledadpooledddatadsetdconsistsdofddatadonddifferentdcross-
sectionaldunitsdoverdadgivendperioddofdtime
c. Adpanelddatadconsistsdofddatadondadsingledvariabledmeasureddatdadgivendpointdindtimedwhiledadpooled
ddatadsetdconsistsdofddatadondthedsamedcross-sectionaldunitsdoverdadgivendperioddofdtime.


d. Adpanelddatadsetdconsistsdofddatadondadsingledvariabledmeasureddatdadgivendpointdindtimedwhiledadpooled
ddatadsetdconsistsdofddatadondmoredthandonedvariabledatdadgivendpointdindtime.




14. hasdadcausaldeffectdond .
a. Income;dunemployment
b. Height;dhealth
c. Income;dconsumption
d. Age;dwage

15. Whichdofdthedfollowingdisdtrue?
a. Advariabledhasdadcausaldeffectdondanotherdvariabledifdbothdvariablesdincreasedorddecrease
dsimultaneously.


b. Thednotiondofd‘ceterisdparibus’dplaysdandimportantdroledindcausaldanalysis.
c. Difficultydindinferringdcausalityddisappearsdwhendstudyingddatadatdfairlydhighdlevelsdofdaggregation.
d. Thedproblemdofdinferringdcausalitydarisesdifdexperimentalddatadisduseddfordanalysis.

16. Experimentalddatadaredsometimesdcalleddretrospectiveddata.dF
17. Andeconomicdmodeldconsistsdofdmathematicaldequationsdthatddescribedvariousdrelationshipsdbetween
deconomicdvariables.dT




18. Adcross-sectionalddatadsetdconsistsdofdobservationsdondadvariabledordseveraldvariablesdoverdtime.dF
19. Adtimedseriesddatadisdalsodcalleddadlongitudinalddatadset.d T

20. Thednotiondofdceterisdparibusdmeansd“otherdfactorsdbeingdequal.”dT




Chapterd2

1. Addependentdvariabledisdalsodknowndasda(n)d .
a. explanatorydvariable
b. controldvariable
c. predictordvariable
d. responsedvariable