Which of the Following Is a Latent Function of Schooling

question 67

Multiple Choice

Which of the following is a latent function of schooling?

• A)ensuring some common culture
• B)teaching about the U.S.way of life
• C)providing child-care
• D)teaching job skills

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Definitions:

Total Output

The aggregate quantity of goods and services produced within an economy over a specific period, reflecting the economy's overall productivity.

Comparative Advantage

The ability of an entity to produce a good or offer a service at a lower opportunity cost than another.

Absolute Advantage

The ability of a country to produce a good at a lower cost than its trading partners.

Protective Tariffs

Taxes imposed on imported goods to protect domestic industries from foreign competition by making the imported goods more expensive compared to local products.