All of These Are Explicit Costs, EXCEPT

question 278

Multiple Choice

All of these are explicit costs, EXCEPT

• A) salaries paid to employees.
• B) business taxes paid by an entrepreneur.
• C) the salary an entrepreneur could have earned in a corporate job.
• D) money paid for raw materials.

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Definitions:

Reproductive

Pertaining to or capable of producing offspring.

Future Trends

Predictions or projections about the direction of developments or occurrences in any field over upcoming periods.

Demographic Transition Model

A theory that describes the transition from high birth and death rates to lower birth and death rates as a country or region develops from a pre-industrial to an industrialized economic system.

Birth Rates

The number of live births per thousand of the population in a given period, often used to measure population growth.