A repeated cross-sectional data set is
A) a collection of cross-sectional data sets, where each cross-sectional data set corresponds to a different time period.
B) the same as a balanced panel data set.
C) what Card and Krueger used in their study of the effect of minimum wages on teenage employment.
D) time series.
Answer: A) a collection of cross-sectional data sets, where each cross-sectional data set corresponds to a different time period.
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Which case below best represents a case of third-degree price discrimination?
A. A professional baseball team pays two players with identical batting averages different salaries. B. A utility company charges less for electricity used during "off-peak" hours, when it does not have to operate its less-efficient generating plants. C. An insurance company offers discounts to safe drivers. D. A major airline sells tickets to senior citizens at lower prices than to other passengers.
Suppose that a price index in Latvia was 120 in 2015 and 150 in 2016. The inflation rate between those two years was approximately
A) 8 percent. B) 12.5 percent. C) 25 percent. D) 30 percent.
Which of the following will shift the supply of loanable funds curve leftward?
A) a decrease in the real interest rate B) a decrease in real wealth C) a decrease in disposable income D) a decrease in expected future income
Which of the following statements is most likely correct?
a. A nation may sometimes want a stronger exchange rate to stimulate aggregate demand and reduce a recession or to fight inflation. b. A nation may sometimes want a weaker exchange rate to stimulate aggregate supply and reduce a recession or a stronger exchange rate to fight inflation. c. A nation may sometimes want a stronger exchange rate to stimulate aggregate demand and fight inflation or a weaker exchange rate to reduce a recession. d. A nation may sometimes want a weaker exchange rate to stimulate aggregate demand and reduce a recession or to fight inflation.