Part I. Define the following terms

i.endogenous variable

ii.exogenous variable

iii.comparative statics

iv.dependent variable

v.inverse function

vi.equilibrium

vii.intercept

viii.slope

ix.Model

x.independent variable

Assignment 2: Ch 2

1.Classify each of the following variables as a qualitative orquantitative variable:

i.Your 9-digit Social Security number.

ii.Your academic major.

iii.Amount of time spent in EC 305.

iv.Monthly charge for your cell phone.

v.Today's temperature

1. Describe thereal-numbersystem
2. Describe the interval, closed interval, open interval, half-closed or half-opened interval