Test Bank
- Page 1
-
,Test Bank
- Page 2
-
, IntroductiontoEconometrics,4e(Stock/Watson)
a2 Chapter 1 Economic Questionsand Data
a2 a2 - a2
1.1 a2 a 2 MultipleChoiceQuestions
1) Analyzingthebehaviorofunemploymentratesacross U.S.statesin Marchof2006is an 2a - a2
a2 exampleofusing:
A) timeseriesdata.
B) paneldata.
C) cross-sectionaldata.
D) experimentaldata.
Answer: C
a2 a2
2) Studying inflationinthe United Statesfrom 1970 to 2006 is an exampleofusing:
- a2 a2 a2 a2 a2 - a2 a2
A) randomized controlledexperiments.
-
B) time seriesdata. -
C) paneldata.
D) cross-sectionaldata.
Answer: B
a2 a2
3) Analyzingtheeffectofminimumwagechangesonteenageemploymentacrossthe48 2a
a2 contiguous U.S. statesfrom 1980 to 2004 is an exampleofusing:
a2 a2 a2 a2 a2 a2 a2 a2
A) timeseriesdata.
B) paneldata.
C) havingatreatment groupvs.acontrolgroup, - a 2 a 2 sinceonlyteenagersreceive minimum wages.
- -
D) cross-sectionaldata.
Answer: B
a2 a2
4) Paneldata:
A) isalsocalledlongitudinaldata.
B) isthesameas timeseriesdata. a2
C) studiesagroupofpeople at apointin time. - - -
D) typicallyusescontrolandtreatmentgroups.
Answer: A
a2 a2
5) Econometricscanbedefined as followswiththeexception of: a2 a2 -
Test Bank
- Page 3
-
, A) thescienceoftestingeconomictheory.
B) fittingmathematicaleconomic modelsto real-world data. - - -
C) asetoftoolsusedforforecastingfuturevaluesofeconomicvariables.
D) measuring theheightofeconomists. -
a2 Answer: D a2
6) Toprovidequantitative answerstopolicyquestions: a2
A) it is typicallysufficienttouse commonsense.
- a2 -
B) youshouldinterviewthepolicymakersinvolved.
C) youshouldexamineempiricalevidence.
D) istypicallyimpossiblesincepolicyquestionsarenotquantifiable.
a 2 Answer: C a2
7) Anexampleof arandomizedcontrolled experimentiswhen:
a 2 -
A) householdsreceiveataxrebatein oneyearbutnot theother. - -
B) oneU.S. stateincreasesminimumwagesand an adjacentstatedoes not, and
a2 a2 - a2 a2
a2 employment differencesareobserved. a2
C) randomvariablesarecontrolled forbyholding constantotherfactors. - -
D) some5th gradersin aspecificelementaryschoolareallowed tousecomputers at school
- - - a2 a2 -
a 2 whileothersarenot, andtheirend-of-yearperformanceiscomparedholding constantother
a2 -
a2 factors.
Answer: D a2
8) Idealrandomizedcontrolled experimentsineconomics are: - -
A) oftenperformedinpractice.
B) oftenusedbythe Federal Reservetostudytheeffectsofmonetarypolicy.
a2 a2
C) usefulbecausetheygivea definition ofacausaleffect. - -
D) sometimesusedbyuniversities todeterminewhograduates infouryears ratherthan - - - -
a 2 a 2 five. Answer: C
a2 a2
9) Mosteconomicdataareobtained:
A) throughrandomizedcontrolledexperiments.
B) bycalibrationmethods.
C) throughtextbook examplestypicallyinvolvingten observationpoints.
- -
D) byobservingreal-worldbehavior.
a2 Answer: D a2
Test Bank - Page 4
-
- Page 1
-
,Test Bank
- Page 2
-
, IntroductiontoEconometrics,4e(Stock/Watson)
a2 Chapter 1 Economic Questionsand Data
a2 a2 - a2
1.1 a2 a 2 MultipleChoiceQuestions
1) Analyzingthebehaviorofunemploymentratesacross U.S.statesin Marchof2006is an 2a - a2
a2 exampleofusing:
A) timeseriesdata.
B) paneldata.
C) cross-sectionaldata.
D) experimentaldata.
Answer: C
a2 a2
2) Studying inflationinthe United Statesfrom 1970 to 2006 is an exampleofusing:
- a2 a2 a2 a2 a2 - a2 a2
A) randomized controlledexperiments.
-
B) time seriesdata. -
C) paneldata.
D) cross-sectionaldata.
Answer: B
a2 a2
3) Analyzingtheeffectofminimumwagechangesonteenageemploymentacrossthe48 2a
a2 contiguous U.S. statesfrom 1980 to 2004 is an exampleofusing:
a2 a2 a2 a2 a2 a2 a2 a2
A) timeseriesdata.
B) paneldata.
C) havingatreatment groupvs.acontrolgroup, - a 2 a 2 sinceonlyteenagersreceive minimum wages.
- -
D) cross-sectionaldata.
Answer: B
a2 a2
4) Paneldata:
A) isalsocalledlongitudinaldata.
B) isthesameas timeseriesdata. a2
C) studiesagroupofpeople at apointin time. - - -
D) typicallyusescontrolandtreatmentgroups.
Answer: A
a2 a2
5) Econometricscanbedefined as followswiththeexception of: a2 a2 -
Test Bank
- Page 3
-
, A) thescienceoftestingeconomictheory.
B) fittingmathematicaleconomic modelsto real-world data. - - -
C) asetoftoolsusedforforecastingfuturevaluesofeconomicvariables.
D) measuring theheightofeconomists. -
a2 Answer: D a2
6) Toprovidequantitative answerstopolicyquestions: a2
A) it is typicallysufficienttouse commonsense.
- a2 -
B) youshouldinterviewthepolicymakersinvolved.
C) youshouldexamineempiricalevidence.
D) istypicallyimpossiblesincepolicyquestionsarenotquantifiable.
a 2 Answer: C a2
7) Anexampleof arandomizedcontrolled experimentiswhen:
a 2 -
A) householdsreceiveataxrebatein oneyearbutnot theother. - -
B) oneU.S. stateincreasesminimumwagesand an adjacentstatedoes not, and
a2 a2 - a2 a2
a2 employment differencesareobserved. a2
C) randomvariablesarecontrolled forbyholding constantotherfactors. - -
D) some5th gradersin aspecificelementaryschoolareallowed tousecomputers at school
- - - a2 a2 -
a 2 whileothersarenot, andtheirend-of-yearperformanceiscomparedholding constantother
a2 -
a2 factors.
Answer: D a2
8) Idealrandomizedcontrolled experimentsineconomics are: - -
A) oftenperformedinpractice.
B) oftenusedbythe Federal Reservetostudytheeffectsofmonetarypolicy.
a2 a2
C) usefulbecausetheygivea definition ofacausaleffect. - -
D) sometimesusedbyuniversities todeterminewhograduates infouryears ratherthan - - - -
a 2 a 2 five. Answer: C
a2 a2
9) Mosteconomicdataareobtained:
A) throughrandomizedcontrolledexperiments.
B) bycalibrationmethods.
C) throughtextbook examplestypicallyinvolvingten observationpoints.
- -
D) byobservingreal-worldbehavior.
a2 Answer: D a2
Test Bank - Page 4
-
