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Which of the following most likely depends on a job's required skills, education level, safety hazards, and degree of responsibility?
Irrational Decisions
Decisions made that do not follow logical reasoning or expected outcomes.
Opportunity Cost
The missed opportunity for profit from different options when a specific choice is made.
Resources
Assets, materials, and inputs used to produce goods and services, including land, labor, capital, and entrepreneurship.
Mental Accounting
A concept in behavioral economics where individuals categorize and treat money differently depending on its origin, intended use, or other subjective criteria, affecting spending and investment decisions.
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