In Order for the Money Spent on Children to Be

question 37

Multiple Choice

In order for the money spent on children to be viewed as a good investment, economists would look at the ______ of the costs and compare that to the _____ of the benefits.

• A)present value; present value
• B)present value; future value
• C)future value; present value
• D)future value; future value

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered.

Economic Perspective

A viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.

Third Industrial Revolution

The digital revolution that began in the late 20th century, marked by the spread of information and communication technology.

Additive Manufacturing

A process of creating objects by adding material layer by layer, commonly known as 3D printing.