Econometricians are economists who specialize in
a. descriptive or nontheoretical analysis
b. economic behavioral characteristics of children's consumption
c. the study of microeconomics
d. the historical view of past economic problems
e. quantitative economic research methods
E
Economics
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____ are defined as costs which are incurred regardless of the alternative action chosen in a decision-making problem
a. Opportunity costs b. Marginal costs c. Relevant costs d. Sunk costs e. None of the above
Economics
Human capital is defined as
a. the skills and knowledge possessed by workers b. the tools used by labor c. equipment and machinery used to train workers d. buildings purchased by households rather than by businesses e. equipment and machinery used to aid household production and increase available leisure time
Economics