Which does an intention-to-treat parameter measure in a program evaluation study?
A. The effect of participation in the program.
B. The effect of the program on those who were eligible but did not participate.
C. The effect of being eligible to participate in the program.
D. The effect on the probability of participation due to being eligible to participate.
Answer: C
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Under what circumstances might it be "rational" to rely on adaptive expectations?
What will be an ideal response?
A consumer values a house at $525,000 and a producer values the same house at $485,000 . If the transaction is completed at $510,000 . the transaction will generate:
a. No surplus b. $25,000 worth of seller surplus and unknown amount of buyer surplus c. $15,000 worth of buyer surplus and $25,000 of seller surplus d. $25,000 worth of buyer surplus and unknown amount of seller surplus
A shortage will occur if a ________ is set ________ the equilibrium price.
A. price floor; above B. price ceiling; above C. price ceiling; below D. price floor; below
Refer to the information provided in Figure 3.18 below to answer the question(s) that follow.
Figure 3.18Refer to Figure 3.18 The market is initially in equilibrium at Point B. If demand shifts from D2 to D1, the equilibrium price will change from ________ and the equilibrium quantity will change from ________.
A. $3.00 to $4.00; 350 to 250 B. $3.00 to $4.00; 250 to 350 C. $4.00 to $3.00; 350 to 250 D. $4.00 to $3.00; 250 to 350