Examlex
Vincent is an anthropologist who has studied multiple cultures all over the world. He has found members of all the cultures that he has observed engage in sports and play music. Sports and music are examples of __________.
Human Capital
The economic value of an individual's skills, knowledge, and experience, considered in terms of the ability to perform labor to produce economic value.
Economic Cost
The total cost of choosing one action over another, including both explicit and implicit costs.
Market Rate of Interest
The prevailing interest rate available in the marketplace on loans, determined by the supply of and demand for funds.
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