Which of the Following Statements About Child Care and Socioeconomic

question 92

Multiple Choice

Which of the following statements about child care and socioeconomic status is true?

• A) High-quality child care is available only to those children whose parents are wealthy.
• B) Children are more likely to experience poor-quality child care if their parents have few resources.
• C) Children staying in day care for longer than 40 hours/week tend to experience depression regardless of the quality of the care.
• D) There is not enough research on child care and socioeconomic status to be able to make any correlations.

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Definitions:

Perfect Competition

A market structure characterized by a complete absence of rivalry among the individual firms, with an infinite number of sellers and buyers, homogeneous products, and no barriers to entry or exit.

Monopoly

A market structure characterized by a single seller or producer supplying a unique product or service, resulting in the absence of competition.

Market Demand Curve

A graphical representation showing the relationship between the price of a good and the total quantity demanded across all consumers in the market.

Marginal Cost

The financial requirement to produce an additional unit of a product.