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According to Palmer (1983) , ____________ includes both the heart and the head in one's decision making.
Implicit Costs
The opportunity costs of using resources that are not directly paid for or billed, but represent potential income lost.
Future Earnings
Projected income or profit that an individual, company, or asset is expected to generate in the future.
Migration
The movement of people from one place to another, often from one country to another, for reasons such as employment, education, or escape from conflict.
Wage Rate
The amount of compensation or payment given to an employee for work performed, typically expressed as a rate per hour or piece.
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