Which of the Following Terms Are Synonymous

question 34

Multiple Choice

Which of the following terms are synonymous?

• A) Avoidable costs and irrelevant costs
• B) Unavoidable costs and incremental costs
• C) Sunk costs and relevant costs
• D) Joint costs and sunk costs

---

Definitions:

Sociology

The study of social behavior, society, patterns of social relationships, social interaction, and culture that surrounds everyday life.

Negative Checks

Mechanisms that decrease a population's size, such as disease, famine, or war, as described in Malthusian theory.

Armed Conflict

A conflict involving the use of armed forces between two or more parties, typically countries or groups within a country.

Industrialization

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, leading to technological innovation and changes in society.