10)Michelle quit her job to return to school. As a result, the unemployment rate...

a.Is unaffected.

b.Decreases.

c.Increases.

d.There is insufficient information.

11)What is the difference between the trade balance and net exports?

a.Nothing.

b.The trade balance includes flows of investment income and net exports do not.

c.Net exports refer to goods only and the trade balance refers to goods and services.

d.Net exports include flows of investment income and the trade balance does not.

12)A variable whose value is determined outside the model is a _____ variable.

a.Exogenous.

b.Endogenous.

c.Endocrine.

d.Explicit.