In an economic model, an endogenous variable is
A) a stand-in for more complicated variables.
B) determined by the model itself.
C) determined outside the model.
D) a variable that has no effect on the workings of the model.
B
Economics
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Which of the following is concerned with social regulation?
A) Federal Reserve Board B) Sherman Commission C) Food and Drug Administration D) Board of Education
Economics
A major criticism of the parity concept is that:
A. It is based on relative prices from a long time ago B. It is not easily and objectively measured C. The index is tracked by the government, not the private sector D. There is no economic rationale for the concept
Economics