It Is Important for Poor Families to Consider This in the Search

question 34

Multiple Choice

It is important for poor families to consider this in the search for quality childcare

• A) the more expensive a day care center, the less the quality
• B) the promotion of cognitive development are most effective in center-based day care
• C) children in informal day care fare better than those in center-based day care
• D) quality informal and formal day care options are equally available to poor families

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Definitions:

Substitutes

Products or services that can be used in place of each other, offering consumers choices in the marketplace.

Negative Relationship

A situation or condition in which an increase in one variable leads to a decrease in another variable.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price over a specific time period.

Demand Curve

The demand curve is a graphical representation showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.