The probability limit of the OLS estimator in the case of omitted variables is given in your text by the following formula: 
Give an intuitive explanation for two conditions under which the bias will be small.
Definitions:
Working-Class Women
relates to women belonging to the socio-economic class typically performing manual labor or industrial work, often highlighted in discussions of labor, gender equality, and socio-economic status.
Television Viewing
The activity of watching content on a television set, including broadcast, cable, streaming, and recorded shows.
Story Lines
A narrative sequence of events or experiences, real or invented, in novels, films, or similar works.
Economic Inequality
The difference in wealth, income, and standard of living among individuals and groups within a society.
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