Your Text Mentions Each of the Following in Regards to Friends

question 17

Multiple Choice

Your text mentions each of the following in regards to friends in adulthood EXCEPT ______.

• A) the quality of friendliness is associated with psychological well-being among older people
• B) adults with confidants are less depressed and lonely
• C) single people tend to have more confidants than married people
• D) having confidants can heighten morale even in the face of tragic events

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Definitions:

Implicit Costs

Indirect, non-out-of-pocket expenses which represent the opportunity costs of using resources owned by the firm for its operations.

Accounting Profit

The difference between total revenue and explicit costs.

Economic Profit

The difference between total revenue and total costs, including explicit and implicit costs.

Implicit Costs

The opportunity costs of using resources that a firm already owns to produce goods or services instead of earning money from these resources elsewhere.