In case of endogenous sample selection, OLS is unbiased but consistent.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: In case of endogenous sample selection, OLS is biased and inconsistent.
Economics
You might also like to view...
Refer to the diagram. At output level Q average fixed cost:
A. is equal to EF.
B. is equal to QE.
C. is measured by both QF and ED.
D. cannot be determined from the information given.
Economics
One reason regulators push for higher prices in an industry is to
A. prevent excess profits in the industry. B. protect the public from excessively low prices. C. encourage usage of the good or service. D. protect against the demise of existing firms.
Economics