Which of the Following Is an Example of Something That

question 116

Multiple Choice

Which of the following is an example of something that economists would consider a cost but accountants would not?

• A) the wages paid to employees of a firm
• B) the wages that the owner of a firm could have earned in some alternative job
• C) rent paid to a business's landlord
• D) the cost of leather used in the production of footballs

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Definitions:

Hostages

Individuals held captive or prisoner by others, typically to compel another party to meet certain demands.

Superstition

Beliefs or practices that are rooted in magical thinking and unscientific correlations between actions and events.

Hypatia of Alexandria

A renowned mathematician, astronomer, and philosopher of ancient Alexandria, celebrated for her intellectual achievements and tragic death.

Middle Eastern

Refers to the region encompassing Western Asia and Egypt, characterized by its distinct cultures, languages, and geopolitical significance.