Multiple Choice
Which of the following correctly identifies a characteristic of structural equations?
A) A structural equation should contain equal number of dependent and independent variables.
B) A structural equation should contain equal number of endogenous and exogenous variables.
C) A structural equation should have a behavioral, ceteris paribus interpretation on its own.
D) A structural equation should not contain structural errors.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: The order condition is a necessary and
Q4: The number of overidentifying restrictions equals the
Q5: An equation in the simultaneous equations model
Q6: In a simultaneous equations model, if any
Q7: The following equations represent a simultaneous equations
Q9: Which of the following statements is true?<br>A)The
Q10: In econometrics, simultaneity arises when:<br>A)strictly exogenous explanatory
Q11: The following simultaneous equations describe the demand
Q12: OLS is biased and inconsistent when applied
Q13: The following equations represent a two-equation model: