Cost Benefit Analysis

Question 1

According to the scenario, what decision do you need to make?

Revolt · Accepted Answer

C: whether child labor should be legal in the United States

Question 2

According to the chart, what are the benefits of using child laborers instead of adult laborers?

Revolt · Accepted Answer

C: Child laborers cost less money for business owners.

Question 3

What are the social and economic costs of continuing with child labor? Check all that apply.

Revolt · Accepted Answer

A: Children cannot attend school.; B: Children may find it hard to improve their economic situation.; D: Children working now can affect the US economy later.

Question 4

What is the effect of child labor on the US economy?

Revolt · Accepted Answer

B: As adults, these children might struggle to improve their standard of living.

Question 5

What are the political benefits of continuing with child labor? Check all that apply.

Revolt · Accepted Answer

A: It could help with my reelection.; B: It would keep the United States in competition with other countries.; D: It would help me gain money and support for the presidency.

Question 6

In five to six sentences, use what you have learned to answer the following prompt.After analyzing the costs and benefits of continuing child labor or passing a bill that prohibits child labor, which option do you think is the wisest decision, and why?Be sure to include examples of economic, social, and political costs and benefits.

Revolt · Accepted Answer

Prohibiting child labor is the wisest decision because it ensures the long-term health and economic stability of a nation. While continuing child labor provides immediate economic benefits through cheap production and supplemental family income, the social costs are devastating, resulting in physical injury and a lack of education for children. Economically, child labor often depresses adult wages and prevents the development of a skilled workforce necessary for future growth. Politically, passing a bill to prohibit the practice improves a country’s international standing and aligns with modern human rights standards. Socially, ending child labor allows children to attend school, which eventually leads to higher social mobility and a stronger middle class. Ultimately, the long-term benefits of an educated and healthy population far outweigh the temporary economic advantages of exploiting young workers.

Question 7

$21.00✔ $12.00$18.00

Revolt · Accepted Answer

B: ✔ $12.00

Question 8

Question 8

Revolt · Accepted Answer

According to the chart, the total amount earned by a child working in a factory was per week (working six days per week).: $12.00; According to the chart, the total amount earned by an adult laborer working in a factory was per week (working six days per week).: $18.00

Question 9

$12.00$21.00✔ $18.00

Revolt · Accepted Answer

C: ✔ $18.00

Cost Benefit Analysis Answers

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Cost Benefit Analysis Answers

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