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

Author Question: Give at least three examples from economics where each of the following type of data can be used: ... (Read 97 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
on: Jun 29, 2018
Give at least three examples from economics where each of the following type of data can be used: cross-sectional data, time series data, and panel data.
 
  What will be an ideal response?

Question 2

The most frequently used experimental or observational data in econometrics are of the following type:
 
  A) cross-sectional data.
  B) randomly generated data.
  C) time series data.
  D) panel data.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

Answer: Answers will vary by student. At this level of economics, students most likely have heard of the following use of cross-sectional data: earnings functions, growth equations, the effect of class size reduction on student performance (in this chapter), demand functions (in this chapter: cigarette consumption); time series: the Phillips curve (in this chapter), consumption functions, Okun's law; panel data: various U.S. state panel studies on road fatalities (in this book), unemployment rate and unemployment benefits variations, growth regressions (across states and countries), and crime and abortion (Freakonomics).

Answer to Question 2

Answer: A


shofmannx20

  • Hero Member
  • *****
  • Posts: 562
Reply #2 on: Jun 29, 2018
Thank you


xoxo123

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Examples of thrombophlebitis. Deep venous thrombosis (DVT) commonly affects the veins of the leg. Examples of thrombophlebitis. Deep venous thrombosis (DVT) commonly affects the veins of the leg.
Examples of the Types of Cards Used in a Test of Inductive Reasoning Examples of the Types of Cards Used in a Test of Inductive Reasoning
Basic Marketing Research: Using Microsoft Excel Data Analysis Basic Marketing Research: Using Microsoft Excel Data Analysis
Data management questions Data management questions
Economics question Economics question
Bar-eye phenotypes in contrast to the wild-type eye in Drosophila Bar-eye phenotypes in contrast to the wild-type eye in Drosophila
Video: Introduction to Dysrhythmia

For a complete list of videos, visit our video library