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10 multiple choioce questions need asap

December 14, 2020

To provide quantitative responses to policy issues (Points : 1)       It is imperative to use common sense

      You should qualify policy makers involved.

      You should analyze empirical evidence.

      Is typically impossible since policy questions are rarely quantifiable.

Question 2. 2. Understanding the behavior of employment rates across the U.S. in December 2009 is an example of using: (Points : 1)

      Random controlled experiments

      Experimental data

      Panel data

      Cross sectional data

 

Question 3. 3. Cross-sectional data are data on one or more variables collected at several points in time, such as the census of population.

  1. (Points : 1)

      True

      False

 

Question 4. 4. Studying the impact of minimum wage changes in teenage unemployment in Asia from 1908 to today would be considered (Points : 1)

      Random controlled experiments

      Time series data

      Panel data

      Cross sectional data

 

Question 5. 5. Economic theory makes statements or hypotheses that are mostly qualitative in nature. (Points : 1)

      True

      False

 

Question 6. 6. Analyzing Hyper-inflation in country X from 1980 to 1990 can best be understood by all except. (Points : 1)

      Collecting empirical data.

      Time series analysis

      Econometrics

      Economic and social reform

 

Question 7. 7. Most economic data is collected by way of : (Points : 1)

      Random controlled observations

      Economic sense making

      Prediction and estimation

      Observations

 

Question 8. 8. All except ________ defines Econometrics. (Points : 1)

      The science of testing economic theory

      Fitting mathematical economic models to real-world data.

      A set of tools used for forecasting future values of economic variables.

      Measuring the weight of economists and their view of the world.

 

Question 9. 9. Unlike physical sciences, most data collected in economics is experimental as the data collected is about understanding human behavior. (Points : 1)

      True

      False

 

Question 10. 10. Analyzing Hyper-inflation in country X from 1980 to 2009 is representative of: (Points : 1)

      Random controlled experiments

      Time series data

      Panel data

      Cross sectional data