The Opportunity Cost of a Resource _____

question 154

Multiple Choice

The opportunity cost of a resource _____

• A)includes both explicit and implicit costs.
• B)includes explicit cost only.
• C)includes implicit cost only.
• D)is equal to the market price of the resource.
• E)is not related to the market price of the resource.

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Definitions:

Cephalocaudal Pattern

A principle of development where growth starts at the head and progresses downwards towards the feet.

Development

The process of change and growth in physical, cognitive, and social aspects of a human over their lifespan.

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Steroid hormones, such as testosterone, that are primarily produced in males and responsible for the development of male secondary sexual characteristics.

Genitalia

The external and internal sex organs and structures that are involved in reproduction and sexual function.