In time series, the definition of causal effects
A) says that one variable helps predict another variable.
B) does not make much sense since there are not multiple subjects.
C) assumes that the same subject is being given different treatments at different points in time.
D) requires panel data.
Answer: C
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Refer to Figure 3.1. If Marge and Homer both deny committing the crime, what is Marge's payout?
A) 1 year B) 2 years C) 7 years D) 15 years
Which of the following is not true with regard to pollution control through transferable pollution rights?
a. It does not require the government to know in advance the pollution abatement techniques to be utilized. b. It creates an incentive to develop improved pollution abatement technologies c. It ultimately requires all firms to reduce pollution in equal amounts. d. It established private property rights that can be sold.
As interest rates rise,
a. the temptation to borrow increases. b. the cost of carrying the national debt rises. c. the likelihood of a surplus budget increases. d. the need for deficit spending to reinvigorate the economy grows.
Economists refer to the simple relationship between consumption and income as
a. autonomous consumption b. the marginal propensity to consume c. the absolute income hypothesis d. disposable income e. the consumption function