In Defining Economic Costs,economists Emphasize

question 27

Multiple Choice

In defining economic costs,economists emphasize

• A)Explicit and implicit costs while accountants recognize only implicit costs.
• B)Explicit and implicit costs while accountants recognize only explicit costs.
• C)Only explicit costs while accountants recognize only implicit costs.
• D)Only explicit costs while accountants recognize explicit and implicit costs.

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Definitions:

Fascia

A band or sheet of connective tissue, primarily collagen, beneath the skin that attaches, stabilizes, encloses, and separates muscles and other internal organs.

Adipose

A type of body tissue containing stored fat, serving both as a source of energy and a cushion for bodily organs.

Meninges

The three layers of protective tissue called the dura mater, arachnoid, and pia mater that surround the brain and spinal cord.

Muscle

A tissue in animal bodies composed of fibers capable of contracting to effect bodily movement.