A repeated cross-sectional data set is
A) a collection of cross-sectional data sets, where each cross-sectional data set corresponds to a different time period.
B) the same as a balanced panel data set.
C) what Card and Krueger used in their study of the effect of minimum wages on teenage employment.
D) time series.
Answer: A) a collection of cross-sectional data sets, where each cross-sectional data set corresponds to a different time period.
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Among the 23 long-standing members of the Organization for Economic Cooperation and Development (OECD), the highest rates of economic growth during recent decades have been achieved by
a. Western European countries. b. the countries with the smallest government expenditures as a share of GDP. c. the countries with the largest government expenditures as a share of GDP. d. the countries with the most rapid growth of government expenditures as a share of GDP.
International trade can be mutually advantageous because it
a. encourages the adoption of sound institutions and policies. b. reduces the competitiveness of domestic industries and, thereby, makes it easier for the domestic producers to raise their prices. c. permits the trading partners to take advantage of reductions in per-unit costs in industries where economies of scale are important. d. does all of the above. e. does both a and c.