Multiple Choice
An endogenous variable
A) is a variable whose value is determined outside the model.
B) is a variable whose value is determined within the model.
C) Is a variable from another country.
D) cannot be proven wrong.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: A simplifying assumption<br>A) affects the important conclusions
Q27: Normative conclusions<br>A)come from positive analysis alone.<br>B)are based
Q28: A statement describing how the world is
Q29: What is feminist economics?
Q30: The distinction between positive and normative economics<br>A)
Q36: What is Marxist economics?
Q37: The number of rainy days in the
Q114: Economic models omit many details to allow
Q180: The goal of an economist who formulates
Q212: Economists regard events from the past as<br>A)irrelevant,since