You regress a dummy variable for employment on a dummy variable for high school graduation or higher, a dummy variable for male, and your father's log(earnings). To estimate the model, you use ordinary least squares. Which of the following statements is correct:
A. You should have used a probit since you included your father's log(earnings)
B. You should have used log(employment) as the dependant variable since you included your father's log(earnings).
C. Both are correct
D. Neither are correct
Answer: D. Neither are correct