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 41 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
:D TYSM

xiaomengxian

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Buccal Mucosa Conditions, Left Parotitis Buccal Mucosa Conditions, Left Parotitis
Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m Change in Drawing Abilities from Early to Middle Childhood Drawings become more realistic as fine m
On the left is one of Jennifer Lopez’s homes, this one in Miami Beach. She also has a home in ... On the left is one of Jennifer Lopez’s homes, this one in Miami Beach. She also has a home in ...
Chest x-ray of lung cancer; cancer is seen on the left side. Chest x-ray of lung cancer; cancer is seen on the left side.
A View of the Left Side of the Brain A View of the Left Side of the Brain
Position of cupula with head in still position (left) and when head rotates (right) Position of cupula with head in still position (left) and when head rotates (right)
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library