Expenses Associated with Factors of Production May Be _____ Costs

question 133

Multiple Choice

Expenses associated with factors of production may be _____ costs.

• A)implicit
• B)opportunity
• C)explicit
• D)implicit,opportunity,or explicit

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Definitions:

Declaration of War

An explicit formal announcement by one nation or state against another, indicating the beginning of a state of war.

Will to Live

A concept describing a fundamental, inherent force or desire driving individuals to continue living and pursuing survival despite adversities.

Anthropomorphic

The attribution of human traits, emotions, or intentions to non-human entities, such as animals or deities.

Western Conceptions

Ideas, philosophies, and understandings that have their origins or are primarily developed and accepted in the Western world, encompassing views on society, ethics, governance, and more.