Implicit Costs Are

question 107

Multiple Choice

Implicit costs are:

• A) labour costs to the firm.
• B) the opportunity costs of using someone else's resources.
• C) payments from owners of a firm for labour.
• D) the opportunity costs of using resources owned by the firm.

---

Definitions:

Female Immigrants

Women who migrate from one country to another, often seeking better opportunities, family reunification, or safety from conflict or persecution.

National Transportation Network

An interconnected system of transportation facilities, including roads, railways, airways, and waterways, that facilitates movement across a nation.

War of 1812

A military conflict fought between the United States and the British Empire, along with its Native American allies, from 1812 to 1815, largely over issues of trade and maritime rights.

Reliable Road System

A network of roads offering consistent and dependable transportation options for individuals and freight, characterized by well-maintained routes and signage.