Which Type of Price Is an Implicit Price of an Action

question 23

Multiple Choice

Which type of price is an implicit price of an action whose value is measured in opportunity costs?

• A) Relative
• B) Guaranteed
• C) Equilibrium
• D) Shadow

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Definitions:

Open Space

Areas of land that are either naturally occurring or designated for recreational use, conservation, or urban planning, often lacking significant built structures.

Rock Avalanche

is a rapid, massive landslide consisting of rock debris flowing down a slope.

Debris Flow

A fast-moving mass of loose mud, rocks, and water that flows down a slope, often triggered by heavy rain or rapid snowmelt.

Rock Slide

A type of mass wasting event where rocks and debris slide rapidly down a slope, often triggered by rain, earthquakes, or volcanic activity.