The leading example of sampling schemes in econometrics that do not result in independent observations is
A) cross-sectional data.
B) experimental data.
C) the Current Population Survey.
D) when the data are sampled over time for the same entity.
Answer: D
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There is excess production of tomatoes in the market. This implies that
A. the current price is above the equilibrium level. B. supply of tomatoes is more than the demand. C. quantity demanded is more than quantity supplied. D. the price will be rising, as a result.
The two year time period it will take a company to build a new factory is an example of what?
a. short-run b. long- run c. diminishing marginal returns d. implicit costs
According to recent study, air pollution on average is greater outdoors than indoors
Indicate whether the statement is true or false
If products A and B are complements and the price of B decreases, the
What will be an ideal response?