Suppose There Is a Theory That Several Things Influence the Price

question 95

Multiple Choice

Suppose there is a theory that several things influence the price of fish in Halifax,one of which is the weather during the fishing season.When examining the determinants of the price of fish,the weather is

• A)an endogenous variable,as it influences the price of fish.
• B)an exogenous variable,as it is determined outside the theory.
• C)a stock,as it influences the quantity of fish caught.
• D)an act of God and,therefore,has no legitimate connection with the theory.
• E)an endogenous variable,as it is determined within the theory.