The Emergence of a Protected, Extended Stage of Childhood in the 1800s

question 56

Multiple Choice

The emergence of a protected, extended stage of childhood in the 1800s occurred as a result of

• A)legal restrictions on how children were treated.
• B)a growing population of elderly (and therefore grandparents).
• C)greater economic resources of parents.
• D)the spread of schooling and a decline in child deaths.

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Definitions:

Fixed Cost

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that change in proportion to the level of production or business activity.

Fixed Cost

Costs that do not change with the level of production or business activity, such as rent, salaries, and insurance.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.