A Field Experiment Conducted by Economists in the Chinese Province

question 168

Short Answer

A field experiment conducted by economists in the Chinese province of Hunan provided evidence that, for poor households in that province, rice is a __________ good.

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Definitions:

Rho

In statistics, a measure of correlation (denoted as ρ) indicating the strength and direction of a linear relationship between two variables.

Degrees of Freedom

Refers to the number of scores in a calculation that are free to vary when estimating a parameter.

Calculating

The action of performing mathematical operations to determine a result.

Significant Correlations

Relationships between variables that are strong enough to unlikely be due to chance, as determined by statistical tests.