A Statistical Technique Called Individual Fixed Effects Is Sometimes Used

question 38

Multiple Choice

A statistical technique called individual fixed effects is sometimes used in the social sciences.This technique involves:

• A) comparing a particular outcome across time as some factor changes.
• B) comparing two groups of subjects who are similar in all respects except that only one of the groups has experienced the independent variable.
• C) determining which factor accounts for a particular effect.
• D) comparing key variables that resist fixed effects across populations.

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Definitions:

Promise

A promise is a declaration or assurance that one will or will not do something, often creating an expectation or obligation.

Nominal Consideration

A very small or token amount paid in a transaction to make it legally valid, even though the actual value of the transaction may be much larger.

Freedom of Contract

The freedom to enter into and enforce contracts without unnecessary interference by the state.

Adequacy

The state of being sufficient or appropriate in quantity, quality, or degree.