Which of the Following Best Characterizes the Conditions for a Good

question 15

Multiple Choice

Which of the following best characterizes the conditions for a good instrument?

• A) Z is statistically significant in the first-stage and exerts a direct effect on Y.
• B) Z is statistically significant in the first-stage and exerts no direct effect on Y.
• C) Z is uncorrelated with both X and Y.
• D) Z needs to be included in both stages in order for 2SLS to be appropriate.

Understand the concept of spontaneous recovery or remission in psychological disorders.

Recognize the role of positive psychology interventions in treating depression.

Understand the goals and outcomes of different forms of therapy on individuals’ self-concept and interpersonal relationships.

Grasp the significance of therapeutic relationship in influencing treatment outcomes.

---

Definitions:

Foreign Exchange Market

A global decentralized or over-the-counter market for the trading of currencies, facilitating international trade and investment by enabling currency conversion.

Spot Exchange

Involves the immediate transaction or exchange of financial instruments or commodities for immediate delivery.

Currency Value

The worth of one country's currency in terms of another's, influencing international trade and economic balance.

Fiat Currencies

Money that a government has declared to be legal tender, but it is not backed by a physical commodity.