A Problem May Arise While Estimating the Return of Education

question 32

Multiple Choice

A problem may arise while estimating the return of education. This is called:

• A) omitted variable bias.
• B) sample selection bias.
• C) specification bias.
• D) ability bias.
• E) simultaneous equation bias.

Acknowledge the reasons and implications behind reshoring production processes.

Understand licensing agreements and their importance in international business.

Identify different multinational strategies, including customization and standardization, and their applications in global markets.

Recognize the different forms of foreign direct investment and their significance.