For an Economist,the Cost of Something Is

question 29

Multiple Choice

For an economist,the cost of something is:

• A)the amount of money you paid for it.
• B)what you gave up to get it.
• C)always equal to its market value.
• D)the quantity of resources used to produce it.

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Definitions:

EPA

Stands for Environmental Protection Agency, a U.S. government agency tasked with protecting human health and the environment through regulations and enforcement.

Migrant and Seasonal Agricultural Worker Protection Act

U.S. legislation aimed at safeguarding the rights of migrant and seasonal farm workers by establishing employment standards and worker protections.

Workers Rights Consortium

An independent labor rights monitoring organization that focuses on protecting and advancing the rights of workers globally, particularly in the apparel industry.

Combat Sweatshops

Efforts and policies aimed at improving working conditions and wages in sweatshops, which are often characterized by unfair labor practices and exploitation.