Examlex

Solved

Which of the Following Is an Exogenous Variable in the Model

question 67

Multiple Choice

Which of the following is an exogenous variable in the model of a small open economy, but an endogenous variable in the model of a large open economy?


Definitions:

Spouses

Individuals legally married to each other.

External Locus of Control

A psychological concept where individuals believe that their successes or failures result from external factors beyond their control.

Ethical Decision Making

The process of evaluating and choosing among alternatives in a manner consistent with ethical principles. This involves considering how actions affect stakeholders and the wider community.

Internal Locus

A psychological perspective where individuals believe they have control over the events in their lives.

Related Questions