In Which Stage of Development Did Children Become Seen as an Economic

question 133

Multiple Choice

In which stage of development did children become seen as an economic liability?

• A) preindustrial period
• B) early industrial period
• C) mature industrial period
• D) postindustrial period

---

Definitions:

Diseconomies of Scale

A situation where a business grows so large that the costs per unit increase. It occurs when economies of scale no longer function for a firm.

Production Function

An equation or model that describes the relationship between inputs used in production and the output produced.

Diminishing Returns

The principle stating that if one factor of production is increased while others remain constant, the overall returns will incrementally decrease after a certain point, leading to reduced efficiency.

Decreasing Returns to Scale

A situation in which a proportional increase in all inputs results in a less-than-proportional increase in output.