An Increase in the Daily Cost of Child Care Would

question 13

Multiple Choice

An increase in the daily cost of child care would likely

• A) increase the labor force participation rate of mothers.
• B) increase the utility from not working.
• C) increase the hours of work of mothers who continue to work.
• D) increase the utility of a family with young children.

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Definitions:

Disbursements

Cash payments made by a business, including those for expenses, loan payments, or distributions to investors.

Employees As Wages

Compensation in the form of money paid to employees for their labor or services.

Independent Internal Verification

An audit process carried out by employees within the company who are not directly involved in the operations being examined, to ensure accuracy and compliance.

Internal Auditors

Professionals who perform audits within an organization to assess the effectiveness of its risk management, control, and governance processes.