This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An omitted variable is a variable that: A) is purposely left out as it does not aid an economic ... (Read 42 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ntsoane kedibone

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Left Ventricle Left Ventricle
(a) The characteristic karyotype of Klinefelter syndrome. (b) The young man (left) in these photos h (a) The characteristic karyotype of Klinefelter syndrome. (b) The young man (left) in these photos h
economic question economic question
economic question economic question
economic question economic question
Right and Left Visual Fields Right and Left Visual Fields
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library