Econometrics Is

question 5

Multiple Choice

Econometrics is

• A)the study of how people chose to use scarce resources.
• B)the application of statistical techniques to economic data.
• C)the science of collection,organization,analysis,and interpretation of data.
• D)the use of summary statistics.

---

Definitions:

Cross-Cultural Research

The study of similarities and differences in behavior, traditions, values, and social norms across different cultures.

Ekman's Idea

Refers to psychologist Paul Ekman's theory that there are six basic emotions - happiness, sadness, fear, disgust, anger, and surprise - which are universal across human cultures.

Core Affect

A fundamental psychological state underlying mood and emotions, representing the most basic feelings of pleasure or displeasure and arousal or sleepiness.

Pleasantness and Arousal

Dimensions used in emotion research, indicating respectively how positive or negative an emotion is, and how much it physiologically activates or excites an individual.