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:

Biological Functioning

The processes and actions by which living organisms operate and maintain life, including physical and physiological mechanisms.

Paraphilias

Patterns of sexual interest in objects, situations, or individuals that are highly atypical, causing significant distress or impairment in social, occupational, or other important areas of functioning.

Major Treatments

Refers to the main or most common methods used to address and manage health conditions, including medications, surgeries, or therapeutic practices.

Biological Treatments

Therapeutic interventions targeting the biological underpinnings of diseases or disorders, including medication and surgeries.