Which of the following statements is true?
A. A truncated regression is a special case of a random sample selection.
B. Nonrandom sample selection can arise in cases of cross-sectional and time series data, but not in the case of panel data.
C. The Tobit regression model is based on endogenous sample selection.
D. The censored regression model is based on nonrandom sample selection.
Answer: C
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The MPC is equal to the
A) level of consumption expenditure divided by the level of total disposable income that brought it about. B) change in consumption expenditure divided by the total disposable income that brought it about. C) change in disposable income divided by the change in consumption expenditure. D) level of consumption divided by the change in disposable income that brought it about. E) change in consumption expenditure divided by the change in disposable income that brought it about.
A merger between McDonald's and Burger King would be called a(n)
a. horizontal merger b. vertical merger c. conglomerate merger d. cartel e. illustration of game theory
Write the formula for finding the future value of $1,000 today in 10 years if the interest rate is 4 percent
For every gift that A gives to B from the first to the tenth gift, A receives a net benefit of $10. The additional cost to A of giving an additional gift is constant at $5. It follows that A's marginal benefit curve for giving gifts to B is ___________________ (assuming that we place "marginal benefits" on the vertical axis and "number of gifts" on the horizontal axis)
A) downward-sloping over units 1 -10. B) upward-sloping over units 1-10. C) horizontal over units 1-10. D) vertical over units 1-10. E) There is not enough information provided to answer the question.