Question: Correct Having more relevant instruments... Selected Answer: Correctb. will typically result in a more efficient TSLS estimator Answers: a. is a problem because instead of

Correct Having more relevant instruments... Selected Answer: Correctb. will typically result in a more efficient TSLS estimator Answers: a. is a problem because instead of being just identified, the regression now becomes overidentified. Correctb. will typically result in a more efficient TSLS estimator c. will typically result in larger standard errors for the TSLS estimator. d. May result in the TSLS being inconsistent in large samples

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