Identify the most likely type of causal relationship for the two situations below, and explain why. There may be more than one correct answer, you are getting marked solely on your explanation. The first variable listed is the independent variable and the second is the dependent for this question. Each - One for the type and one for the justification] 1. Cause and Effect 2. Common-Cause Factor 3. Reverse Cause and Effect 4. Accidental 5. Presumed

Identify the most likely type of causal relationship for the two situations below, and explain why. There may be more than one correct answer, you are getting marked solely on your explanation. The first variable listed is the independent variable and the second is the dependent for this question. Each - One for the type and one for the justification] 1. Cause and Effect 2. Common-Cause Factor 3. Reverse Cause and Effect 4. Accidental 5. Presumed

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter7: Uncertainty

Section: Chapter Questions

Problem 7.12P

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2. Consider an insurance salesperson who plans to visit 10 randomly selected families today. The outcome associated with each visit is classified as a success if the family purchases an insurance policy and a failure if the family does not. Are the ten family visits Binomial experiments for each of the following two cases? Why or why not? Case I: The salesperson's mood and physical condition do not depend on all the past visits. Case II: The salesperson's mood and physical condition do depend on all the past visits.
15. Suppose you are hired by the MOH to study the determinants of child health. In addition to several factors which can be measured quantitatively each child falls in one income quintile from first quintile (Q1)—the poorest 20% of the household population to the fifth quintile (Q5)—the wealthiest 20%. How many dummy variables should be included in the regression equation for income? A. 7 B. 5 C. 6 D. 4 16. In the following equation, GDP refers to gross domestic product, and FDI refers to foreign direct investment. In(GDP) = 2.65 +0.222ln(BANKCREDIT) + 0.527FDI Which of the following statements is then true? A. If GDP increases by 1%, bank credit increases by 0.222%, the level of FDI remaining constant. B. If bank credit increases by 1%, GDP increases by 0.222%, the level of FDI remaining constant. C. If GDP increases by 1%, bank credit increases by log(0.222)%, the level of FDI remaining constant. D. If bank credit increases by 1%, GDP increases by log(0.222)%, the level of FDI…
In the context of econometrics, what does establishing Granger causality between two variables imply? A. There is a long-term equilibrium relationship between the variables. B. Past values of one variable can be used to predict the future values of another variable. C. There is a theoretical economic relationship between the variables. D. The variables are correlated.
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I wanna ask, this is an exercise. What is the possible 'significance of study' if we focus our research on the topic entitled "The Impact of the Pandemic on Cost of Living between Different Income Level".
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10. Ecological fallacy occurs when a researcher interprets the results of group-level data to the individual level. A. TrueB. FalseC. None of the above
Review the logic of spuriousness. Can you think up an example where an observed relationship between two variables could actually be explained away by a third variable?
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1. Data collection, compilation, and analysis from secondary sources using suitable reference (APA, for example). 2.Examine acquired data and update it so that it is relevant to the context, audience, and purpose. 3. Text (facts, assertions, statistics, etc.) is combined with graphic components such as tables and figures to create a dynamic and entertaining presentation. to design a Message for a specific Audience, with a specific Purpose with the purpose of delivering a certain outcome. Deliver a 4-minute presentation on a topic of your choice that is clear and succinct. I propose that you select a topic that you are comfortable with. You may give a presentation on "how to make coffee in the morning" or "how to find the "best" parking spot," for example. Instructions Identify the presentation's goal and explain why your presentation will be beneficial to your audience. Provide clear and concise context to ensure that all topics are understood immediately. Make your presentation.…
Exercise 2. In order to encourage energy conservation, many public utility companies charge consumers a higher rate on units of electricity consumed in excess of some threshold amount. In contrast, a common practice by other firms is to offer “quantity discounts” to consumers who purchase large quantities of a good. Suppose income is $100, PX = $2 if theconsumer buys less than 40 units of X, and PY = $5.A. For the energy case, assume PX = $3 if the consumer buys more than 40 units of XB. For the “quantity discounts” case, assume PX = $1 after 40 units of X were consumed Draw the budget constraints in each of the cases above. What are the implications of the opportunity sets in terms of consumer behavior to consume each of the products?