Examlex
Which of the following is most apt to develop in response to compression of the umbilical cord?
Misallocation
An inefficient distribution of resources in an economy, leading to outcomes where resources are not used in the best possible ways according to the needs and wants of society.
Queuing System
A queuing system is a model used to analyze and manage the process by which customers wait for service or goods, focusing on efficiency and fairness.
Opportunity Cost
The value of the next best alternative forgone as the result of making a decision.
True Cost
The comprehensive cost of a good or service, including all direct and indirect expenditures as well as environmental and social impacts.
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