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Which of the following is a main disadvantage of the cross-sectional design?
Long-term Effects
The impact or outcomes of actions, policies, or events that are not immediate but unfold over a longer period.
Rational Decision Makers
Individuals or entities that make decisions by systematically considering all available information and maximizing their utility based on preferences.
Neoclassical Economists
Economists who focus on the determination of goods, outputs, and income distributions in markets through supply and demand.
Economic Behaviors
Actions, decisions, or habits of individuals, groups, or organizations that influence economic outcomes, such as spending, saving, and investing.
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