Consider a panel regression of unemployment rates for the G7 countries (United States, Canada, France, Germany, Italy, United Kingdom, Japan) on a set of explanatory variables for the time period 1980-2000 (annual data) If you included entity and time fixed effects, you would need to specify the following number of binary variables:
A) 21.
B) 6.
C) 28.
D) 26.
Answer: D) 26.
You might also like to view...
The law of demand can be explained as
A) legal reasons people make purchases in the marketplace. B) people are willing to make limited sacrifices to acquire products. C) a lot of people wanting the same thing. D) the higher the price, the smaller the quantity demanded, ceteris paribus.
Long-run elasticity of supply is defined as:
a. percentage change in quantity demanded in the long run divided by percentage change in price. b. percentage change in price divided by percentage change in quantity demanded in the long run. c. percentage change in quantity supplied in the long run divided by percentage change in price. d. percentage change in price divided by percentage change in quantity demanded in the long run.
Which of the following explain(s) better the fact that computers are cheaper now than 10 years ago?
a. c and d. b. c and e. c. The technology used in the production of computers has improved during this period. d. Resources used in the production of computers have become cheaper during this period. e. The demand for computers has increased substantially during this period.
A cartel is a group of firms that attempt to collude by coordinating price and output decisions
a. True b. False Indicate whether the statement is true or false