Ideal Randomized Controlled Experiments in Economics Are

question 5

Multiple Choice

Ideal randomized controlled experiments in economics are

• A)often performed in practice.
• B)often used by the Federal Reserve to study the effects of monetary policy.
• C)useful because they give a definition of a causal effect.
• D)sometimes used by universities to determine who graduates in four years rather than five.

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Definitions:

Kilometers

A unit of length in the metric system equal to 1,000 meters, often used to measure distances.

Miles

Units of distance measuring 5,280 feet, or approximately 1.609 kilometers, commonly used in the United States.

Dimensional-analysis

A mathematical technique used to convert one set of units to another, facilitating computations and solving problems.

Centimeters

A unit of length in the metric system, equivalent to one hundredth of a meter.