An endogenous variable is one that
A. is a function of endogenous variables.
B. is part of the production function.
C. is taken as given.
D. is determined within a model.
Answer: D
You might also like to view...
In the presence of external economies of scale, trade
A) may or may not improve welfare in both countries. B) will unambiguously improves welfare in both countries. C) will unambiguously worsens welfare in both countries. D) will unambiguously worsen welfare in the exporting country and improve welfare in the importing country. E) will unambiguously improve welfare in the exporting country and worsen welfare in the importing country.
Cyclical unemployment
a. is caused by changes in the business cycle. b. results from imperfect search activities in matching qualified employees with employers. c. results from institutional factors that make it difficult for some workers to find jobs. d. will probably go up as a result of improvements in online job searching.
The price mechanism
A. works best when many competing business firms are in each industry. B. works best when government through a central planning agency sets prices. C. works best when corporations set prices for a market economy. D. All of the choices are true about price mechanism.
Since the 1980s, mortgages allowing less than 20% down payment have appeared, requiring
A. both borrowers and lenders to hold each other harmless in case of default or physical damage. B. lenders to insure the borrower against loss in case of default. C. lenders to insure the borrower against physical damage to the house. D. borrowers to insure the lender against loss in case of default.