Homeowners are more likely to have health insurance, but arguing that home ownership causes people to buy insurance is probably incorrect. The wealth needed for both activities is a(n) _____ variable in this argument.

Question

Quizplus · Accepted Answer

The wealth needed for both activities acts as an omitted variable in this argument because it is a factor that is not directly mentioned but affects both home ownership and the likelihood of having health insurance, suggesting a correlation rather than causation between the two.

Homeowners Are More Likely to Have Health Insurance, but Arguing