Implicit Costs Can Be Difficult to Measure Because

question 136

Multiple Choice

Implicit costs can be difficult to measure because

• A) business owners cannot always observe them directly.
• B) they are not measured in dollars.
• C) they are always very expensive.
• D) they are always greater than explicit costs.
• E) they include expenses like taxes.

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Definitions:

Concrete Thinking

A style of thinking that relies on the physical, tangible reality and does not easily grasp abstract concepts.

Scaffolding

An educational approach involving more knowledgeable others providing temporary supports to help a learner achieve higher levels of understanding.

Zone of Proximal Development

A concept in developmental psychology introduced by Lev Vygotsky, describing the difference between what a learner can do without help and what they can achieve with guidance and encouragement.

Reinforcements

In behavioral psychology, stimuli used to increase the likelihood of a repeated behavior by applying rewarding or punishing consequences.