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.

---

Definitions:

Procrastinate

The act of delaying or postponing tasks or decisions, often unnecessarily.

Projection

The act of estimating or forecasting future outcomes based on current or past data.

Selective Perception

The cognitive process by which individuals perceive what they want in the mass of stimuli around them, ignoring other information.

Interest

The sensation of being curious to acquire knowledge or information about someone or something.