Distinguish between the money and non-money costs parents face when raising a child. Money costs might include ______, whereas non-money costs might include ______.

a. center-based child care fees; hiring a babysitter at home
b. redecorating the child’s room; making mortgage payments
c. playing yard games with the child; buying sports equipment
d. tuition for music lessons; volunteering in the child’s classroom

d. tuition for music lessons; volunteering in the child’s classroom

Economics

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A second-price auction:

A. has two Nash equilibriums. B. does not have a Nash equilibrium. C. leads to a winner's curse. D. avoids the winner's curse.

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Medicare is an example of

A. A direct cash transfer payment. B. Free goods. C. In-kind income. D. Personal income.

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