Test Bank Introductory Econometrics A Modern Approach , 6th Edition A+

Description

Econometrics is the branch of economics that _____.​

a.

​studies the behavior of individual economic agents in making economic decisions

b.

​develops and uses statistical methods for estimating economic relationships

c.

​deals with the performance, structure, behavior, and decision-making of an economy as a whole

d.

​applies mathematical methods to represent economic theories and solve economic problems

ANSWER:

b

RATIONALE:

FEEDBACK: Econometrics is the branch of economics that develops and uses statistical methods for estimating economic relationships.

POINTS:

1

DIFFICULTY:

Easy

NATIONAL STANDARDS:

United States - BUSPROG: Analytic

TOPICS:

What is Econometrics?

KEYWORDS:

Bloom’s: Knowledge

2. Nonexperimental data is called _____.​

a.

​cro