Multiple Choice
In the following determining function, Earningsi = α0 + α1Educationi + Ui, what might be a factor contained in Ui?
A) Predictions of earnings
B) Innate ability, which might be correlated with education and earnings
C) Proximity to a 4-year college, which is known to not impact earnings
D) Heteroscedasticity
Correct Answer:

Verified
Correct Answer:
Verified
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