An Empirical Researcher Decides to Identify the Effect of Parental

question 12

Multiple Choice

An empirical researcher decides to identify the effect of parental divorce on children's high school graduation by comparing children whose parents divorced with children whose parents remained married,controlling for other observable characteristics.This empirical approach can best be characterized as:

• A) time series analysis.
• B) cross-sectional regression analysis.
• C) a quasi-experiment.
• D) a random trial.

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Definitions:

Product Differentiation

A strategy in which one firm’s product is distinguished from competing products by means of its design, related services, quality, location, or other attributes (except price).

Monopolistic Competition

A market structure in which many firms sell a differentiated product, entry is relatively easy, each firm has some control over its product price, and there is considerable nonprice competition.

Product Differentiation

A marketing strategy that involves distinguishing a product or service from others in the market to make it more attractive to a particular target market.

Collusion

A situation in which firms act together and in agreement (collude) to fix prices, divide a market, or otherwise restrict competition.