Selection Bias Is a Problem When Trying to Estimate the Return

question 25

Multiple Choice

Selection bias is a problem when trying to estimate the return to education in a standard human capital model. In this context, what does selection bias refer to?

• A)Having a non-random data sample.
• B)Workers self-select education levels and jobs based on their abilities and preferences.
• C)Colleges select who they are willing to accept.
• D)The wage-schooling locus does not have a constant slope.
• E)The wage-schooling locus is estimated to have a negative slope.

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Definitions:

Self-Defense

The right to defend oneself against physical harm, usually within the constraints of legal justification.

Defense of Property

The legal right to use reasonable force to protect one's property from theft, damage, or invasion.

Common Law Doctrine

A Common Law Doctrine is a rule or principle established from precedent, derived from court decisions, rather than statutes or written law.

Castle

A large, fortified residence or stronghold, historically used by nobility or royalty for protection and as a symbol of power.