Examlex
Which of the following phenomena would likely be studied by social psychologists?
Factors of Production
The resources used in the creation of goods and services, traditionally categorized into land, labor, capital, and entrepreneurship.
Opportunity Cost
The real cost of an item: what you must give up in order to get it.
Explicit Cost
Direct, out-of-pocket payments for expenses incurred in business operations, such as wages, rent, and materials.
Monetary Cost
The amount of money that must be paid or spent to acquire goods, services, or assets.
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