Idiosyncratic Error Is the Error That Occurs Due to _____

question 8

Multiple Choice

Idiosyncratic error is the error that occurs due to _____.

• A)incorrect measurement of an economic variable
• B)unobserved factors that affect the dependent variable and change over time
• C)unobserved factors that affect the dependent variable and do not change over time
• D)correlation between the independent variables

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Definitions:

Risk Society

A society increasingly preoccupied with the future and also with safety, addressing and managing risks that modernity itself has produced.

Technopoly

A society which is overly dependent on technology, leading to potential negative effects on culture, society, and human well-being.

Technological Determinism

The theory that a society's technology shapes its cultural values, social structure, and history.

Scientific Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.