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
Q2: While the scientific method is applicable to
Q6: A simplifying assumption
A) affects the important conclusions
Q10: The ultimate purpose of an economic model
Q16: With respect to how economists study the
Q19: Good assumptions simplify a problem without substantially
Q20: The goal of an economist who formulates
Q33: Economists regard events from the past as
A)irrelevant,since
Q82: Normative statements describe how the world is,
Q87: When economists are trying to explain the
Q134: Economists make assumptions in order to
A) mimic
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents