In Economic Models,variables Taken as Given and Not Explained by the Model

question 157

Multiple Choice

In economic models,variables taken as given and not explained by the model are called ________ variables.

• A)exogenous
• B)endogenous.
• C)short-run.
• D)long-run.
• E)nominal.

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Definitions:

Testosterone

The male sex hormone.

Social

Pertaining to society or its organization.

Dominant

Exhibiting authority or influence over others; in genetics, it refers to an allele that expresses its phenotype even in the presence of a recessive allele.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues and the promotion of secondary sexual characteristics such as muscle and bone mass.