Assume That We Are Looking at the Effect of Education

question 1

Multiple Choice

Assume that we are looking at the effect of education on wages, which of the following factors could most likely lead to endogeneity?

• A) Height
• B) Religion
• C) Number of siblings
• D) Intelligence

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Definitions:

Monomyth

denotes a universal pattern found in narratives worldwide, typically involving a hero's journey through trials, achieving a goal or transformation.

Virtue

A trait or quality deemed to be morally good and thus is valued as a foundation of good moral being.

Temptation

A desire to engage in short-term urges for enjoyment that threatens long-term goals, relevant in marketing when consumers are enticed by products.

Myth

A traditional story, often involving supernatural beings or phenomena, that serves to explain a natural or social phenomenon.