In a Quasi-Experiment

question 16

Multiple Choice

In a quasi-experiment

• A)quasi differences are used,i.e. ,instead of △Y you need to use ( - λ × ),where 0 < λ < 1.
• B)randomness is introduced by variations in individual circumstances that make it appear as if the treatment is randomly assigned.
• C)the causal effect has to be estimated through quasi maximum likelihood estimation.
• D)the t-statistic is no longer normally distributed in large samples.

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Definitions:

Budget Item

An individual expense or source of revenue that is accounted for in a financial budget.

Demand Inelastic

Refers to a situation where the quantity demanded of a good or service does not change significantly when its price changes.

Farm Revenues

The total income generated from farming activities, including the sale of crops, livestock, and other farm products.

Price Elasticity

An index representing how the demand or supply of an item responds to price fluctuations.