Panel data estimation can sometimes be used
A) to avoid the problems associated with misspecified functional forms.
B) in case the sum of residuals is not zero.
C) in the case of omitted variable bias when data on the omitted variable is not available.
D) to counter sample selection bias.
Answer: C) in the case of omitted variable bias when data on the omitted variable is not available.
You might also like to view...
The LM curve becomes steeper if there is __________ in the interest-sensitivity of __________ demand
A) an increase; money B) an increase; investment C) a decrease; money D) a decrease; investment
With few exceptions, the U.S. federal government has historically run a balanced budget
a. True b. False Indicate whether the statement is true or false
Suppose the following information describes the economy:Consumption8000Investment1,000Government purchases1,000Net exports0Government transfers and interest payments500Government tax collections1,700Private saving equals ________; public saving equals ________; national saving equals ________.
A. 1,000; 800; 1,000 B. 800; 200; 600 C. 1,500; 700; 2,700 D. 800; 200; 1,000
Which of the following statements about stock market brokers and dealers is TRUE?
A. Both brokers and dealers try to profit from trading stocks. B. Both brokers and dealers earn commissions from trading stocks. C. Brokers try to profit from trading stocks but dealers earn commissions from trading stocks. D. Brokers earn commissions from trading stocks but dealers try to profit from trading stocks.