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Question 5 12 pts Which of the following best describes the concept of a counterfactual outcome in the context of a development program? The situation

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Question 5 12 pts Which of the following best describes the concept of a "counterfactual outcome" in the context of a development program? The situation of the participants prior to the program being implemented The situation of the non-participants prior to the program being implemented O What happened to the participants 20 years ago What would have happened to the participants had the program not been implemented Question 6 7 pts In the context of a regression, randomized assignment of treatment allows the researcher to assume that the error term of the treatment and control groups are systematically different. O dummy variables do not exist the error term of the treatment and control groups are, on average, equal

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