Deciding That a Causes B When in Fact B Causes

question 45

True/False

Deciding that A causes B when in fact B causes A is a mistake called omitted variable bias.

---

Definitions:

Botswana

A landlocked country located in Southern Africa, known for its stable political environment, diamond mining industry, and wildlife.

Zimbabwe

A landlocked country located in Southern Africa known for its diverse landscape and wildlife, much of it within parks, reserves, and safari areas.

Optimal Quantity

Refers to the quantity of a good or service that maximizes efficiency or utility, often considered in terms of production or consumption.

Current Price

The present monetary value at which a good or service can be bought or sold.