Explain what is meant by "investment in children," describing the goals and methods of the parents
What will be an ideal response?
See the chapter. Parents' goals include higher farm or non-farm income in the medium run and retirement security in the longer run.
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Which of the following is true? a. In equilibrium, with only two countries, the excess demand for loanable funds in one country will equal the excess supply of loanable funds in the other. b. Countries with net capital inflows tend to be few or no capital outflows
c. Capital flows will tend to decrease real interest rates in countries with a capital inflow. d. Both a. and c. are correct.
Welfare data show that in the United States
a. most welfare recipients receive benefits only for a short time. b. welfare encourages young women to have children. c. children brought up on welfare tend to remain on welfare as adults. d. having poor parents does not increase the chances of a child's being on welfare as an adult. e. children of poor parents have a 50 percent chance of being middle-income adults.