The reason why estimators have a sampling distribution is that
A) economics is not a precise science.
B) individuals respond differently to incentives.
C) in real life you typically get to sample many times.
D) the values of the explanatory variable and the error term differ across samples.
Answer: D
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Spot market is to futures market as
A) rice is to beans. B) today is to tomorrow. C) squares are to circles. D) quarters are to dollars.
Which of the following groups did Clinton target after his stimulus package failed in 1993?
a. High-income households b. Low-income households c. Foreign investors d. Only industrial workers e. Households with the lowest MPC
Which of the following countries has lower total government tax revenue as a percentage of GDP than the United States?
a. Canada b. Germany c. Sweden d. Mexico
The determinants of the market supply of labor include all of the following except
A. The market wage rate. B. Prices of consumer goods. C. Taxes. D. Income and wealth.