In a quasi-experiment
A) quasi differences are used, i.e., instead of ?Y you need to use ( - λ × ), where 0 < λ < 1.
B) randomness is introduced by variations in individual circumstances that make it appear as if the treatment is randomly assigned.
C) the causal effect has to be estimated through quasi maximum likelihood estimation.
D) the t-statistic is no longer normally distributed in large samples.
Ans: B) randomness is introduced by variations in individual circumstances that make it appear as if the treatment is randomly assigned.
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Thomas Malthus's model assume that ___________
Fill in the blank(s) with the appropriate word(s).
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A) a riding lawnmower B) an office building in Tokyo C) a large copy machine D) a pizza oven
The supply curve of a price-taker firm in the short run is the
a. firm's average variable cost curve. b. portion of the firm's average total cost curve that lies above average variable cost curve. c. portion of the firm's marginal cost curve that lies above average variable cost curve. d. firm's marginal revenue curve.
If China experienced capital flight, the supply of Chinese yuan in the market for foreign-currency exchange would shift
a. left, which would make the real exchange rate of the Chinese yuan appreciate. b. left, which would make the real exchange rate of the Chinese yuan depreciate. c. right, which would make the real exchange rate of the Chinese yuan appreciate. d. right, which would make the real exchange rate of the Chinese yuan depreciate.