The Branch of Economic Theory That Analyzes Decisions About Education

question 149

Multiple Choice

The branch of economic theory that analyzes decisions about education and training is

• A)welfare economics.
• B)equilibrium analysis.
• C)human capital theory.
• D)consumption theory.

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Definitions:

Utils

A hypothetical unit of measurement used in economics to quantify the amount of utility or satisfaction gained by consuming goods and services.

Outcomes

The results or effects of actions, decisions, or policies, with a broader application beyond purely economic contexts.

Risk Averse

A preference for certainty over uncertainty with regards to outcomes, particularly in the context of financial decisions.

Certain Income

An assured or guaranteed stream of income, usually referring to investments with fixed returns.