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yi the subscript i stands for individuals and therefore always refers to people. O a. False O b. True 2 Adding more observations will typically

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yi the subscript i stands for individuals and therefore always refers to people. O a. False O b. True 2 Adding more observations will typically increase the R-squared. O True O False 3. In a panel dataset we observe the same individual multiple times. O True O False 4. Omitting a variable from our model that has a causal effect on our dependent variable always leads to omitted variable bias. O a, False O b. True

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