Which of the Following Is an Implicit Cost

question 148

Multiple Choice

Which of the following is an implicit cost?

• A)Jones buys $100 worth of supplies from Smith.
• B)Brown pays the bill he received in the mail.
• C)Smith, who could work for someone else, works for himself.
• D)Williamson pays his income taxes on April 15.
• E)a, c, and d

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Definitions:

Lesbian

A term used to describe a woman who is emotionally and sexually attracted to other women.

Bisexual

Refers to a sexual orientation where an individual is attracted to both male and female genders.

Gay

A term referring to individuals who are romantically or sexually attracted to people of the same sex.

Thematic Apperception Test

A projective psychological test that asks respondents to tell a story about a series of ambiguous images.