Composite error is the error that occurs due to _____.
A. the incorrect measurement of explanatory variables
B. the inclusion of too many explanatory variables in the model
C. correlation between the independent variables
D. unobserved factors affecting a dependent variable
Answer: D
You might also like to view...
Assuming velocity is constant, a 10 percent increase in the quantity of money leads to a 10 percent increase in nominal GDP in both the short run and the long run
Indicate whether the statement is true or false
The type of commercial policy followed by England under the navigation laws
(a) was followed throughout the 17th and 18th centuries but not by any governments today. (b) was followed throughout the 17th and 18th centuries and is still pursued, in one way or another, by all governments in the world today. (c) was followed throughout the 17th, 18th, and 19th centuries but not by most governments today. (d) was followed throughout the 17th and 18th centuries and by European governments today, but not by the United States since the founding of the nation.
Compensating wage differentials explain some income differences.
Answer the following statement true (T) or false (F)
Unemployment implies that in the labor market
A. there is an excess demand for labor. B. there is an excess supply of labor. C. there are too few workers for the jobs available. D. quantity demanded of labor exceeds quantity supplied.