What Does It Mean for a Panel Data Set to Be

question 4

Multiple Choice

What does it mean for a panel data set to be balanced?

• A)males and females are equally represented in the sample
• B)the observations are equally split before and after the event being studied
• C)the number of observations in the treatment and control group are equal
• D)each unit of observation is observed for the same number of time periods

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Definitions:

Edgeworth Box

A diagram used in microeconomics to show how different allocations of goods can lead to efficiency or inefficiency within a market.

Utility Function

A formula that quantifies the happiness or satisfaction received from consuming certain amounts and combinations of goods and services.

Endowed

Furnished or provided with a particular quality, ability, or asset.

Contract Curve

In an Edgeworth Box diagram, the locus of points representing the set of mutually beneficial allocations between two parties.