In Case of Endogenous Sample Selection, OLS Is Unbiased but Consistent

question 6

True/False

In case of endogenous sample selection, OLS is unbiased but consistent.

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Definitions:

Conditions Subsequent

Specific conditions outlined in a contract that must occur or be performed after a specified event or action, which can affect parties' rights and obligations.

Conditions Concurrent

In a contract, these are conditions that must occur or be performed at the same time by the parties involved for the contract to become effective.

Express Conditions

Specific stipulations or criteria that are clearly stated and must be met for a contract or agreement to be fulfilled.

Implied Conditions

Terms and stipulations that are not expressly stated but are understood to be included within a contract or agreement.