When Economists David Gould, G

question 103

Multiple Choice

When economists David Gould, G.L. Woodbridge, and Roy Ruffin examined the data on the relationship between increases in imports and the rate of unemployment, they concluded that

• A)free trade leads to increased unemployment.
• B)there is not a causal link between increases in imports and the rate of unemployment.
• C)increases in imports always precede increases in unemployment by a period of 6 months to one year.
• D)increases in unemployment always precede increases in imports by a period of 6 months to one year.

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Definitions:

Income

The amount of money or earnings received by a person, family, or organization, usually measured on a monthly or yearly basis.

Indicator Variable

A variable that takes the value 1 to indicate the presence of a condition or characteristic and 0 to indicate its absence.

Color

The characteristic of visual perception described through categories such as hue, saturation, and brightness.

Logistic Regression

A statistical method used to analyze a dataset in which there are one or more independent variables that determine an outcome. The outcome is measured with a dichotomous variable (where there are only two possible outcomes).