Explicit Costs

question 126

Multiple Choice

Explicit costs

• A)Include only payments to entrepreneurship.
• B)Are the sum of actual monetary payments made for the use of resources.
• C)Include the market value of all resources used to produce a good.
• D)Are the total opportunity costs of resources used to produce a good.

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Definitions:

Cultural or Ethnic Group

A community of individuals who share common cultural or racial backgrounds and traditions.

Developmental Scale

A tool or measurement system used to assess and compare the developmental progress of individuals, usually children, in various domains.

Infant

A very young child or baby, typically between birth and one year of age.

Mentally Retarded Student

NO. Preferred term: Student with an intellectual disability.