In what way most economic data is collected

Question

Multiple choioce questions

Question 1.To provide quantitative responses to policy issues It is imperative to use common sense
You should qualify policy makers involved.
You should analyze empirical evidence.
Is typically impossible since policy questions are rarely quantifiable.

Question 2. Understanding the behavior of employment rates across the U.S. in December 2009 is an example of using:
Random controlled experiments
Experimental data
Panel data
Cross sectional data

Question 3.Cross-sectional data are data on one or more variables collected at several points in time, such as the census of population.

True
False

Question 4.Studying the impact of minimum wage changes in teenage unemployment in Asia from 1908 to today would be considered
Random controlled experiments
Time series data
Panel data
Cross sectional data

Question 5.Economic theory makes statements or hypotheses that are mostly qualitative in nature.
True
False

Question 6.Analyzing Hyper-inflation in country X from 1980 to 1990 can best be understood by all except.
Collecting empirical data.
Time series analysis
Econometrics
Economic and social reform

Question 7.Most economic data is collected by way of :
Random controlled observations
Economic sense making
Prediction and estimation
Observations

Question 8.All except ________ defines Econometrics.
The science of testing economic theory
Fitting mathematical economic models to real-world data.
A set of tools used for forecasting future values of economic variables.
Measuring the weight of economists and their view of the world.

Question 9.Unlike physical sciences, most data collected in economics is experimental as the data collected is about understanding human behavior.
True
False

Question 10.Analyzing Hyper-inflation in country X from 1980 to 2009 is representative of:
Random controlled experiments
Time series data
Panel data
Cross sectional data