In an Economic Model, an Exogenous Variable Is

question 19

Multiple Choice

In an economic model, an exogenous 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.
• E) closely linked to a closed economy.

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Definitions:

Parent/Child Intimacy

The close, personal, and trusting relationship between a parent and their child, characterized by emotional warmth, affection, and support.

Adolescents

Refers to individuals in the developmental stage that transitions from childhood to adulthood, typically ranging from 13 to 19 years of age.

Shares Less Intimacy

Refers to relationships or interactions that involve lower levels of emotional closeness or personal sharing.

Adolescence

The developmental stage between childhood and adulthood, typically between the ages of 13 and 19, characterized by significant physical, psychological, and social changes.