Which of the Following Statements Is False

question 177

Multiple Choice

Which of the following statements is false?

• A)An implicit cost is a nonmonetary opportunity cost.
• B)Economic costs include both accounting costs and implicit costs.
• C)An explicit cost is a cost that involves spending money.
• D)Economists consider all costs to be implicit costs.

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Definitions:

Fixations

Persistent focuses or attachments to behaviors, concepts, or stages of development that were significant in early childhood, possibly leading to psychological issues.

Propriate Motives

Motivations that are integral to an individual's self-concept and are related to the goals of maintaining self-identity and personal significance.

Genetically Determined

Traits or characteristics that are inherited from one's parents through genes.

Ego

The component of the mind in psychoanalytic theory that mediates between the unconscious desires of the id and the moral constraints of the superego.