Implicit Costs

question 8

Multiple Choice

Implicit costs

• A) Include only payments to workers and lenders.
• B) Represent actual monetary payments made for resources used to produce a good such as oil.
• C) Are the costs to produce a good or service for which no direct payment is made.
• D) Are the total opportunity costs of resources and inputs used to produce a good.

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Definitions:

Neuroscience

The scientific study of the nervous system and its functions, disorders, and structure.

Neuropsychological Theory

Pertains to theories that integrate principles from both neurological (brain function) and psychological (behavior and thought processes) perspectives to understand human behavior.

Donald Hebb

A Canadian psychologist who proposed theories on the organization of neural circuits in the brain that contribute to learning and memory.

Evolutionary Research

The study of the origins, changes, and continuities in the genetic makeup of organisms across generations, often used to understand adaptive functions in humans and other species.