economics

Part I: TRUE/FALSE. For each STATEMENT, write out the word TRUE or FALSE and provide a short explanation of your answer. TRUE STATEMENT or FALSE? EXPLANATION (3 points each) (3 points each) 1. Selection bias will be positive if the average outcome of the control group is greater than what the average outcome of the treatment group would have been if they had not been treated. 2. The certainty equivalent associated with a risky activity will be higher for a risk loving individual than for a risk averse individual. 3. A key feature of group-based lending in micro-finance is that borrowers self-select into borrowing groups