Household Production Is More Likely to Occur When

question 64

Multiple Choice

Household production is more likely to occur when

• A)it requires few specialized resources
• B)technology makes it more costly than market production
• C)tax avoidance is undesirable
• D)less control over the final product is desirable
• E)the opportunity cost of household production is high

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Definitions:

Federal Poverty Level

A measure of income issued every year by the Department of Health and Human Services to determine eligibility for certain programs and benefits.

Nonparental Care

Childcare that is provided by individuals who are not the child's parents, including daycare centers, nannies, and relatives other than parents.

Employed Mothers

Employed mothers refers to women who participate in the workforce while also fulfilling the role of a mother, balancing professional and familial responsibilities.

Poverty Level

The minimum level of income deemed adequate in a particular country to live on.