How Are Children a "Public Good" in the Economic Use

question 23

Essay

How are children a "public good" in the economic use of the phrase?

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Definitions:

Executive Agreement

An agreement made between the President and a foreign government that is less formal than a treaty and does not require Senate ratification.

Advice And Consent

A constitutional power given to the U.S. Senate to ratify treaties and approve presidential appointments to the executive and judicial branches.

President

The head of state and head of government in a republic, particularly referring to the chief executive of the United States.

Declare War

The formal announcement by a governmental authority that a state of war exists between it and another nation.