Parents' "demand" for children is affected by

Question

Quizplus · Accepted Answer

Parents' demand for children is affected by all of the given options. They consider children's labor value, as they could potentially help in household chores and contribute to the family income. Children's value as support during parents' old age is also considered as having children is seen as a form of insurance in many cultures. Infant and child mortality rates also influence parents' demand for children since higher mortality rates may lead to a higher demand for children to ensure the survival of the family line. Finally, the economic costs of raising children, such as expenses for education, food, clothing, and healthcare, also play a role in parents' decision to have children.

Parents' "Demand" for Children Is Affected by