This topic contains a solution. Click here to go to the answer

Author Question: An omitted variable is a variable that: A) is purposely left out as it does not aid an economic ... (Read 79 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
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
Answer to Question 1

D

Answer to Question 2

C




Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


bimper21

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

For a complete list of videos, visit our video library