In Canada,the Most Common Pattern for Non-Parental Care for Infants

question 76

Multiple Choice

In Canada,the most common pattern for non-parental care for infants and toddlers is

• A) grandparents outside the child's home.
• B) non-relatives outside the child's home.
• C) licensed daycares.
• D) relatives inside the child's home.

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Definitions:

Marginal Cost

The incremental cost of manufacturing one more unit of a product or service.

Marginal Benefit

The enhanced satisfaction or advantage experienced from the consumption of one extra unit of a product or service.

Economic Perspective

A viewpoint that analyzes individuals' decisions based on costs, benefits, and rational self-interest within the framework of scarcity and resource allocation.

Economizing Problem

The fundamental economic issue of meeting unlimited wants with limited resources, necessitating choices and priorities in resource allocation.