One of the Major Lessons Learned in the Chapter on Experiments

question 30

Multiple Choice

One of the major lessons learned in the chapter on experiments and quasi-experiments

• A)is that there are almost no true experiments in economics and that quasi-experiments are a poor substitute.
• B)you should always use TSLS when estimating causal effects in quasi-experiments.
• C)populations are always homogeneous.
• D)is that the insights of experimental methods can be applied to quasi-experiments, in which special circumstances make it seem "as if" randomization has occurred.

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Definitions:

Higher Boiling

Referring to a substance with a higher boiling point compared to another substance, often used to differentiate between similar compounds in purification processes.

Ketone

An organic compound characterized by a carbonyl group (C=O) bonded to two carbon atoms.

Acetone

A colorless, volatile, and flammable liquid used as a solvent, known chemically as propan-2-one or dimethyl ketone.

Carbon Atoms

The basic building blocks of organic compounds, characterized by four valence electrons allowing for various bonding configurations.