Economic Costs Include Implicit Costs but Not Explicit Costs

question 49

True/False

Economic costs include implicit costs but not explicit costs.

---

Definitions:

Psychological Development

Refers to the changes in cognitive, emotional, and social capabilities and behaviors across the lifespan.

Inevitable Crises

Situations that are bound to occur and are often seen as turning points or periods of significant change.

Menarche

The onset of menstruation during puberty.

Menstruation

The monthly process in which the lining of the uterus is shed, leading to bleeding through the vagina.