Use the Following Dataset to Answer the Following Question -What Type of Dataset Is This?
A) Cross-Sectional
B) Time-Series

question 20

Multiple Choice

Use the following dataset to answer the following question. $$\begin{array} { | l | c | c | c | c | } \hline { \text { Firm } } & \text { Year } & \text { \# ur Emplayees } & { \text { Sales } } & \text { Prafits } \\\hline \text { Jirr's Auto } & 2014 & 23 & \$ 741,000 & \$ 52,000 \\\hline \text { Mecharnic Zone } & 2014 & 15 & \$ 510,000 & - \$ 72,000 \\\hline \text { Tirr's Auto } & 2015 & 31 & \$ 1,081,050 & \$ 101,000 \\\hline \text { Mecharic Zone } & 2015 & 27 & \$ 81,000 & \$ 28,000 \\\hline\end{array}$$
-What type of dataset is this?

• A) Cross-sectional
• B) Time-series
• C) Pooled cross-section
• D) Panel

---

Definitions:

Vertical Integration

Company’s avoidance of middlemen by producing its own supplies and providing for distribution of its product.

Union Membership

Refers to individuals who belong to a labor union, organizations that represent workers' interests in negotiations with employers over wages, benefits, and working conditions.

Declined

A term used to describe a decrease or reduction in quantity, quality, or strength over a period of time.

Immigrants

People who move to a new country or region, intending to settle and reside there, often in search of a better quality of life or opportunities.