All Else Equal, the Theoretical Justifications for a Particular Function

question 40

Multiple Choice

All else equal, the theoretical justifications for a particular function form should be stronger in the cases in which you are:

• A) attempting to identify correlations only.
• B) running fixed effects regressions.
• C) using an instrumental variable.
• D) extrapolating further off the support of the data.

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Definitions:

Explicit Memory

Explicit memory is a type of long-term memory that involves conscious recollection of factual information, previous experiences, and concepts.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically a few seconds to a minute.

Acronyms

Words formed from the initial letters of other words and pronounced as a word (e.g., NASA, SCUBA).

Implicit Memory

A type of long-term memory that does not require conscious thought to recall, expressed through automatic skills and conditioned responses.