Examlex
Psychologists who specialize in the measurement of psychological characteristics such as intelligence and personality could be referred to as
Leasing
A contractual arrangement where one party (the lessor) grants another party (the lessee) the right to use an asset for a specified period in return for regular payments.
Wages Forgone
The potential earnings that are lost or given up by choosing one alternative over another, often considered in decisions about education or training.
Implicit Costs
The opportunity costs of using resources owned by the firm for its own use, rather than selling them for a profit elsewhere.
Economic Costs
The total value of all resources used in the production of goods or services, including both explicit and implicit costs.
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