An explicit cost is: Group of answer choices omitted when accounting profits are calculated. a money payment made for resources not owned by the firm itself. an implicit cost to the resource owner who receives that payment. always in excess of a resource's opportunity cost.

Which statement was true in the past but is not generally true today? a. the training and education costs for some jobs will prohibit some people from entering that career be b. young people tend to go into the same job that their parents and grandparents did see c. people need a basic level of education before they meet requirements to professional schools d. people will probably have more than one job in their active working lives