Question: Question 3 of16 1 Points Consider the model Wage_i = b0 + b1*educ_i + u_i where u_i = b2*ability_i If ability is unobserved and causes

Question 3 of16 1 Points Consider the model Wage_i = b0

+ b1*educ_i + u_i where u_i = b2*ability_i If ability is unobserved

Question 3 of16 1 Points Consider the model Wage_i = b0 + b1*educ_i + u_i where u_i = b2*ability_i If ability is unobserved and causes lower levels of education and lower wages, the OLS estimate of b1 will b1? O A. Overestimate O B. Underestimate O C. Correctly Estimate O D. Unknown Reset Selection

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