Examlex
Mutations in the DFNA20/26 locus,which codes for the actin gamma 1 protein,are associated with congenital deafness.An irate senator complains that government money is being wasted on studies of this mutant gene -- in yeast! "I am no biologist," says the senator,"but I am pretty sure yeast don't have ears." How do you respond?
Labor Migration
the movement of people from one area to another for the purpose of employment.
Implicit Cost
The opportunity cost associated with a firm's use of resources that it owns, measured by the income the firm foregoes by utilizing these resources in-house rather than engaging them elsewhere for profit.
Migration
The movement of people from one place to another with the intentions of settling, permanently or temporarily, at a new location.
Implicit Cost
Implicit cost refers to the opportunity cost associated with a company's use of resources that it already owns, without direct payment, reflecting the potential income lost in choosing one alternative over another.
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