FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Ability is an omitted variable, and ability is positively correlated with schooling then: Group of answer choices The estimated coefficient on schooling is biased

If Ability is an omitted variable, and ability is positively correlated with schooling then: Group of answer choices The estimated coefficient on schooling is biased upward The estimated coefficient on schooling is biased downward The estimated coefficient on ability is biased downward The estimated coefficient on ability is biased upward

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial economics applications strategy and tactics

Managerial economics applications strategy and tactics

Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

12th Edition

9781133008071, 1439079234, 1133008070, 978-1439079232

More Books

Students also viewed these Economics questions

Question

★★★★★
Demir Financial Services loaned Sharp Inc. $100,000 cash in exchange for a one-year, 4% note on July 1, 2017. Interest is payable quarterly beginning on October 1, 2017. Demir has a December 31 year...

Answered: 1 week ago

Question

★★★★★
Entries that remove balances m temporary accounts to the retained earnings reserve are called _________.

Answered: 1 week ago

Question

★★★★★
Identify and discuss the contributions of motivation and satisfaction within behavioral and personal finance.

Answered: 1 week ago

Question

★★★★★
The managing partner of a CPA firm is approached by the CEO of a major client in the firms headquarters office in New York City. The CEO cant use two tickets to the Super Bowl between the Denver...

Answered: 1 week ago

Question

★★★★★
What report in a computerised accounting system allows you to perform a bank reconciliation, and what does the facility do? Discuss in 50 to 80 words.

Answered: 1 week ago

Question

★★★★★
Which of the below statements is untrue when considering the evaluation framework? Group of answer choices It may highlight gaps in information that we have as part of the investigation It allows us...

Answered: 1 week ago

Question

★★★★★
You have been given a program Lab01_P2.c that computes the prime factorization of a hardcoded integer value. This program does not work in its current state: it has 1 syntax error (this will cause...

Answered: 1 week ago

Question

★★★★★
One of the principal roles of the system architect is to Choose the best answer below: Provide objective evidence that specified requirements have been fulfilled by system elements and integrated...

Answered: 1 week ago

Question

★★★★★
1. 1 4 3 dx a) Find the smallest K such that | f(4) (x)| K for 4x7. Fall 2020 b) Use the part (a) answer and the Error Bound formula to find a smallest value of n for which Es10-9.

Answered: 1 week ago

Question

★★★★★
Assume that the coupling between the motor and the inertial load of Problem 14.33 is flexible (e.g., a long shaft). This can be modeled by adding a torsional spring between the motor inertia and the...

Answered: 1 week ago

Question

★★★★★
Your company has a Microsoft 365 subscription. You need to implement multi-factor authentication (MFA) by using a risk-based Conditional Access policy. What should you do first? Select only one...

Answered: 1 week ago

Question

★★★★★
Onlineessaypapers.com Safari File Edit View History Bookmarks Window Help O 14% onlineessaypapers.com UPDATE APPLE Mail - Deepak Mittal - Outlook Content Some account se...

Answered: 1 week ago

Question

★★★★★
Total Assets Tiz Corporation reported total liabilities of $108,000 and owners equity of $65,000 on January 1. During the month of January, Tiz Corporation (a) acquired land with a value of $65,000...

Answered: 1 week ago

Question

★★★★★
Accounting Reports Briefly indicate the purpose of each of the following financial statements: a. Statement of income. b. Statement of financial position. c. Statement of cash flows. d. Statement of...

Answered: 1 week ago

Question

★★★★★
Identification of Transactions Indicate whether the following financial statement elements are reported in the balance sheet, income statement, or statement of changes in owners equity: a. Sales...

Answered: 1 week ago

Previous Question Next Question