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Assume you are trying to study the effect of democracy on trade. You believe that a third factor, wealth, may cause both democracy and increased
Assume you are trying to study the effect of democracy on trade. You believe that a third factor, wealth, may cause both democracy and increased trade. Do you need to include wealth as a control variable? Group of answer choices Yes, you definitely should include it No, you definitely should not include it It might help to get more precise estimates, but including it is not required You should not include it initially, but running a second model with it included might help identify mechanisms
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