Compared to a more standard experimental design which would assign observations to a control group or to a treatment group, a synthetic cohort analysis
A. uses a sophisticated algorithm to estimate data for observations in the control group.
B. only has a treatment group.
C. finds other populations that "mirror" the treatment group in many ways in order to argue that these other populations can serve as a valid control group.
D. only has a control group.
E. assigns observations to the control or treatment group based on certain demographics such as location or race.
Answer: E
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Holding other factors constant, if new technology becomes available that allows machines to produce manufactured goods more quickly and with fewer defects, then the real interest rate will ________ and the equilibrium quantity of national saving and investment will ________.
A. increase; decrease B. decrease; increase C. increase; not change D. increase; increase
Answer the following statement(s) true (T) or false (F)
1. If a firms fixed costs increase from $2,000 to $3,000, then its marginal cost is $1,000. 2. If a firm can sell one more unit of its product for $7 and the marginal cost of producing that one more unit is only $5, then it should definitely produce and sell one more unit.
If a nation imposes a tariff on imports, the portion of the tax paid by citizens depends upon
a. elasticity of demand. b. elasticity of supply. c. how important the good is. d. income elasticity. e. cross elasticity of demand with domestic products.
Which of the following statements is positive?
A. When the Federal Reserve increases the money supply, interest rates decrease. B. Large budget deficits should be avoided. C. A tax cut that benefits low-income households is acceptable. D. Higher taxes are needed to support education.