Suppose you have wage data on students that have taken econometrics and students that have not. You produce the following model where E C O N equals 1 if the student took econometrics and 0 otherwise. You produce the following model: w a g e s space equals space beta subscript 0 plus beta subscript 1 cross times E C O N How do you interpret beta subscript 0? a. Increase or decrease in wages due to taking econometrics. b. Wages earned by students you have taken econometrics. c. Wages earned by students you have not taken econometrics. d. The intercept has no interpretation but would if E C O N was transformed (possibly by demeaning). e. None of these