When Comparing the Costs of Raising a Child

question 35

Multiple Choice

When comparing the costs of raising a child

• A)two-parent households are likely to spend more.
• B)single-parent households are likely to spend more.
• C)the costs are the same for single- and two-parent households.
• D)the costs are the same for single- and two-parent households but the burden is higher for single arents.

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Definitions:

Replacement Costs

The current cost of replacing an asset with a new one of similar kind and quality at current prices.

Natural Resources

Materials or substances occurring in nature that can be used for economic gain, such as minerals, forests, water, and fertile land.

Timber

Timber that has been transformed into beams and planks, representing a phase in the manufacturing of wood.

Metal Ores

Minerals found in nature from which metals can be efficiently mined.