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Coolguy80 Coolguy80
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A year ago
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

▸ an exogenous variable, as it is determined outside the theory.

▸ an act of God and, therefore, has no legitimate connection with the theory.

▸ an endogenous variable, as it influences the price of fish.

▸ an endogenous variable, as it is determined within the theory.

▸ a stock, as it influences the quantity of fish caught.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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wackocrazywackocrazy
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#1
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A year ago
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Coolguy80 Author
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A year ago
Correct Slight Smile TY
loki1345
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Yesterday
Brilliant ツ
amandamraz
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2 hours ago
Good timing, thanks!
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