Test Bank For Introductory Mathematical Analysis for Business, Economics, and the Life and Social Sciences 13th Edition All Chapters - 9780321691569

,TestnBankn–IntroductorynEconometrics:nAnModernnApproach,n5thnEditionnbynJeffreynM.nWooldridge

WithnPERFECTnSOLUTIONnAVAILABLEnOFnALLnCHAPTERS

Chaptern1

1. Econometricsnisnthenbranchnofneconomicsnthatn .
a. studiesnthenbehaviornofnindividualneconomicnagentsninnmakingneconomicndecisions
b. developsnandnusesnstatisticalnmethodsnfornestimatingneconomicnrelationships
c. dealsnwithnthenperformance,nstructure,nbehavior,nandndecision-makingnofnann economynasnanwhole
d. appliesnmathematicalnmethodsntonrepresentneconomicntheoriesnandnsolveneconomicnproblems.

Econometricsnisnbasednonnthendevelopmentnofnstatistical
nmethodsnfornestimatingneconomicnrelationships,ntesting


neconomicntheories,nevaluatingngovernmentnandnbusines


snpolicies.
2. Nonexperimentalndatanisncalledn .
a. cross-sectionaln data
b. timenseriesndata
c. observationalndata
d. panelndata



3. Whichnofnthenfollowingnisntruenofnexperimentalndata?
a. Experimentalndatanarencollectedninnlaboratorynenvironmentsninnthennaturalnsciences.
b. Experimentalndatancannotnbencollectedninnancontrollednenvironment.
c. Experimentalndatanisnsometimesncallednobservationalndata.
d. Experimentalndatanisnsometimesncallednretrospectivendata.

4. Annempiricalnanalysisnreliesnonn tontestnantheory.
a. commonnsense
b. ethicalnconsiderations
c. data
d. customsnandnconventions

5. Thentermn‘u’ninnanneconometricnmodelnisnusuallynreferredntonasnthen .
a. errornterm
b. parameter
c. hypothesis
d. dependentnvariable

6. Thenparametersnofnanneconometricnmodeln .
a. includenallnunobservednfactorsnaffectingnthenvariablenbeingnstudied

,b. describenthenstrengthnofnthenrelationshipnbetweennthenvariablenundernstudynandnthenfactorsnaffectin
gnit
c. referntonthenexplanatorynvariablesnincludedninnthenmodel
d. referntonthenpredictionsnthatncannbenmadenusingnthenmodel
7. Whichnofnthenfollowingnisnthenfirstnstepninnempiricalneconomicnanalysis?
a. Collectionnofndata
b. Statementnofnhypotheses
c. Specificationnofnanneconometricnmodel
d. Testingnofnhypotheses

8. Andatansetnthatnconsistsnofnansamplenofnindividuals,nhouseholds,nfirms,ncities,nstates,ncountries,norn
anvarietynofnothernunits,ntakennatnangivennpointninntime,nisncalledna(n)n .
a. cross-sectionalndatanset
b. longitudinalndatanset
c. timenseriesndatanset
d. experimentalndatanset

9. Datanonnthenincomenofnlawngraduatesncollectednatndifferentntimesnduringnthensamenyearnis .
a. panelndata
b. experimentalndata
c. timenseriesndata
d. cross-sectionalndata

10. Andatansetnthatnconsistsnofnobservationsnonnanvariablenornseveralnvariablesnoverntimenisncalledna
ndatanset.


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

11. Whichnofnthenfollowingnisnannexamplenofntimenseriesndata?
a. Datanonnthenunemploymentnratesninndifferentnpartsnofnancountrynduringnanyear.
b. Datanonnthenconsumptionnofnwheatnbyn200nhouseholdsnduringnanyear.
c. Datanonnthengrossndomesticnproductnofnancountrynovernanperiodnofn10nyears.
d. Datanonnthennumbernofnvacanciesninnvariousndepartmentsnofnannorganizationnonnanparticularnmonth.

12. Whichnofnthenfollowingnrefersntonpanelndata?
a. Datanonnthenunemploymentnrateninnancountrynovernan5-yearnperiod
b. Datanonnthenbirthnrate,ndeathnratenandnpopulationngrowthnrateninndevelopingncountriesnovernan10
-nyearnperiod.
c. Datanonnthenincomenofn5nmembersnofnanfamilynonnanparticularnyear.
d. Datanonnthenpricenofnancompany’snsharenduringnanyear.

, 13. Whichnofnthenfollowingnisnandifferencenbetweennpanelnandnpooledncross-sectionalndata?
a. Anpanelndatansetnconsistsnofndatanonndifferentncross-
sectionalnunitsnovernangivennperiodnofntimenwhilenanpooledndatansetnconsistsnofndatanonnthensamencross-
sectionalnunitsnovernangivennperiodnofntime.
b. Anpanelndatansetnconsistsnofndatanonnthensamencross-
sectionalnunitsnovernangivennperiodnofntimenwhilenanpooledndatansetnconsistsnofndatanonndifferentncross-
sectionalnunitsnovernangivennperiodnofntime
c. Anpanelndatanconsistsnofndatanonnansinglenvariablenmeasurednatnangivennpointninntimenwhilenanpooled
ndatansetnconsistsnofndatanonnthensamencross-sectionalnunitsnovernangivennperiodnofntime.


d. Anpanelndatansetnconsistsnofndatanonnansinglenvariablenmeasurednatnangivennpointninntimenwhilenanpooled
ndatansetnconsistsnofndatanonnmorenthannonenvariablenatnangivennpointninntime.




14. hasnancausalneffectnonn .
a. Income;nunemployment
b. Height;nhealth
c. Income;nconsumption
d. Age;nwage

15. Whichnofnthenfollowingnisntrue?
a. Anvariablenhasnancausalneffectnonnanothernvariablenifnbothnvariablesnincreasenorndecrease
nsimultaneously.


b. Thennotionnofn‘ceterisnparibus’nplaysnannimportantnroleninncausalnanalysis.
c. Difficultyninninferringncausalityndisappearsnwhennstudyingndatanatnfairlynhighnlevelsnofnaggregation.
d. Thenproblemnofninferringncausalitynarisesnifnexperimentalndatanisnusednfornanalysis.

16. Experimentalndatanarensometimesncallednretrospectivendata.nF
17. Anneconomicnmodelnconsistsnofnmathematicalnequationsnthatndescribenvariousnrelationshipsnbetween
neconomicnvariables.nT




18. Ancross-sectionalndatansetnconsistsnofnobservationsnonnanvariablenornseveralnvariablesnoverntime.nF
19. Antimenseriesndatanisnalsoncallednanlongitudinalndatanset.n T

20. Thennotionnofnceterisnparibusnmeansn“othernfactorsnbeingnequal.”nT




Chaptern2

1. Andependentnvariablenisnalsonknownnasna(n)n .
a. explanatorynvariable
b. controlnvariable
c. predictornvariable
d. responsenvariable