Multiple Choice
At a mathematical level,if the two conditions for omitted variable bias are satisfied,then
A) E(ui X1i,X2i,... ,Xki) ≠ 0.
B) there is perfect multicollinearity.
C) large outliers are likely: X1i,X2i,... ,Xki and Yi and have infinite fourth moments.
D) (X1i,X2i,... ,Xki,Yi) ,i = 1,... ,n are not i.i.d.draws from their joint distribution.
Correct Answer:

Verified
Correct Answer:
Verified
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