An Explicit Cost Is

question 42

Multiple Choice

An explicit cost is:

• A)an opportunity cost for which payment is not required.
• B)an out-of-pocket expense
• C)always larger than an associated implicit cost.
• D)not included by an accountant.
• E)generally invisible.

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Definitions:

Previously Neutral

Refers to a stimulus that initially elicits no innate response until it is paired with an unconditioned stimulus in the learning process of classical conditioning.

Conditioned Response

A learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus through conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Learned Reaction

A behavior or response that has been acquired through experience or conditioning.