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Author Question: An omitted variable is a variable that: A) is purposely left out as it does not aid an economic ... (Read 77 times)

Pineappleeh

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on: Jun 29, 2018
An omitted variable is a variable that:
 
  A) is purposely left out as it does not aid an economic analysis.
  B) does not cause other variables in a study to change when it changes.
  C) is removed from a study as it can lead to the problem of reverse causality.
  D) has been left out, and if included, would explain why the variables considered in a study are correlated.

Question 2

The figure above shows the market for airline tickets. In early 2008 the price of jet fuel rose. This change is shown in the figure as a shift from
 
  A) D0 to D1.
  B) D1 to D0.
  C) S0 to S1.
  D) S1 to S0.


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ntsoane kedibone

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Pineappleeh

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

miss.ashley

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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