Which of the Following Statements Is True

question 9

Multiple Choice

Which of the following statements is true?

• A)The use of 2SLS is applicable to simultaneous equations model with at most two equations.
• B)Identification of simultaneous equations with three or more equations is based on matrix algebra.
• C)2SLS method used in the estimation of simultaneous equations is an example of a system estimation method.
• D)The maximum number of equations permissible for a simultaneous equations model is four.

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Definitions:

First-borns

Refers to individuals who are the eldest child in their families, often discussed in the context of their typical personality traits, leadership qualities, and responsibilities.

Father's Role

The social and emotional responsibilities and functions that a father has in the upbringing and development of their children.

Social Interest

The concept in psychology that refers to an individual's inclination towards being cooperative and contributing to the welfare of the community.

Personality

The unique combination of characteristics and qualities that form an individual's distinct character, influencing thoughts, behaviors, and emotions.