Ans: D) all of the above
Let W be the included exogenous variables in a regression function that also has endogenous regressors (X). The W variables can
A) be control variables
B) have the property E(ui|Wi) = 0
C) make an instrument uncorrelated with u
D) all of the above
Economics
You might also like to view...
The expected benefit of investment equals:
A. the real interest rate. B. private saving. C. the price of the capital good. D. the value of the marginal product of capital.
Economics
What is a market economy?
What will be an ideal response?
Economics
What is "adverse selection"?
What will be an ideal response?
Economics
Which of the following could not be commodity money?
A. U.S. Currency B. Silk C. Gold coins D. Cigarettes
Economics