The most frequently used experimental or observational data in econometrics are of the following type:
A) cross-sectional data.
B) randomly generated data.
C) time series data.
D) panel data.
Answer: A
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Which of the following contributes to a current account surplus for a country?
A) having tourists visit the country B) importing textiles C) having foreigners buy government securities from the country's government D) importing financial services
________ raised average tariff rates by over 50 percent in the United States in 1930
A) NAFTA B) The WTO C) The GATT D) The Smoot-Hawley Tariff
In a closed economy, a decrease in government spending while taxes remain the same will be accompanied by
A) a decrease in private investment and an increase in privates saving. B) an increase in private investment and a decrease in private savings. C) a decrease in private investment only. D) an increase in private savings only.
Which of the following would NOT cause the demand curve for bonds to shift?
A) a change in wealth B) a change in the price of bonds C) a change in the liquidity of bonds D) a change in expected inflation