Endogeneity of an Independent Variable Presents a Challenge Because

question 25

Multiple Choice

Endogeneity of an independent variable presents a challenge because

• A)two-stage least squares is biased and inconsistent.
• B)OLS does not properly weight the data for the undue influence of outliers.
• C)OLS does not account for the autoregressive structure of the error term.
• D)OLS is unable to isolate the true marginal effect of endogenous independent variable.

Clarify misconceptions associated with major economic and ethical theories.

Understand the role of ethology in explaining motivation and differentiate it from other perspectives.

Critique the drive reduction theory and describe behavior that contradicts its principles.

Distinguish between psychological and physiological states in the context of needs and drives.

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Definitions:

Natural

Occurring in or derived from nature; not made or caused by humankind.

Species

A category of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Anti-gay Attitudes

Prejudices or negative beliefs held against individuals because of their sexual orientation, specifically against those who identify as gay.

Homosexual

Referring to an individual who is romantically or sexually attracted to members of the same sex.