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:

Photographs

Images captured through the use of a camera, which can be digital or printed, depicting scenes, individuals, or objects.

Professional Photographer

An individual who earns their living through the art of taking photographs, often with a specific area of expertise such as weddings, portraits, or commercial work.

Trade Secret Violation

Unauthorized use or disclosure of a company's proprietary information without permission, which is illegal and unethical.

Unlawful Appropriation

Unlawful Appropriation refers to the illegal taking or use of another's property or funds without permission, often linked to embezzlement or theft.