What Is the Primary Advantage of Using Panel Data Rather

question 16

Multiple Choice

What is the primary advantage of using panel data rather than a large cross- section data set collected over time?

• A)it allow you to control for individual heterogeneity
• B)it allows the effects of legislation to be estimated
• C)it gives you more degrees of freedom
• D)it allow coefficients to vary over time

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Definitions:

Social Learning Theory

A theory of learning and social behavior which proposes that new behaviors can be acquired by observing and imitating others.

Cognitive Dissonance Theory

A theory proposing that people have a motivational drive to reduce dissonance by changing their attitudes, beliefs, or behaviors, or by rationalizing or justifying them.

Ethical Issues

Moral challenges facing individuals or organizations, often involving decisions about right and wrong behavior in complex and varying contexts.

Evaluation Stage

A phase in various processes where the outcomes or conditions are assessed to make judgments about value, quality, or importance.