Exploring Microeconomics
Exploring Microeconomics
8th Edition
ISBN: 9781544339443
Author: Sexton, Robert L.
Publisher: Sage Publications, Inc., Corwin, Cq Press,
Question
Book Icon
Chapter 1, Problem 1P
To determine

The explanation of the pattern of falling birth rates as incomes and economic opportunities for women have increased.

Expert Solution & Answer
Check Mark

Explanation of Solution

As countries develop, the economic and social betterment takes place. In previous times, women were considered more appropriate for taking care of household chores and bearing & rearing children. Consequently, women were not active participants in the job market and since women were at home for childcare, the birth rate was naturally high.

However, since now women have more economic opportunities available, they take up jobs and bear lesser number of children.

One plausible explanation for this can be the costs associated with child care. If a woman is working, she must pay for child care facilities. Thus, in this case there are additional costs of having a child. Therefore, she might decide to have lesser number of children or not having them altogether.

This explains the economic rationale for the pattern of falling birth rates as incomes and economic opportunities for women have increased.

Economics Concept Introduction

Birth rate: Birth rate is defined as the number of live births per thousand of population in a country in a year.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
At the beginning of the year, the market for portable electric fans was in equilibrium. In June, a summer heat wave hit. What effect does the heat wave have on the market for fans? Drag the appropriate part(s) of the graph to show the effect on the market for portable fans. To refer to the graphing tutorial for this question type, please click here. Price 17 OF 21 QUESTIONS COMPLETED f4 Q Search f5 f6 f7 CO hp fg 6 M366 W ins f12 f11 f10 SUBMIT ANSWER ENG 4x
In the context of investment risk, what does "diversification" mean? A) Spreading investments across various assets to reduce riskB) Investing in a single asset to maximize returnsC) Increasing investment in high-risk assetsD) Reducing the number of investments to focus on high-performing ones
At the 8:10 café, there are equal numbers of two types of customers with the following values. The café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (that is she cannot price discriminate).     Students with early classes Students without early classes Coffee 70 60 Banana 50 100     The MC of coffee is 10.  The MC of a banana is 40.  Is bundling more profitable than selling separately?  HINT:  if you sell the bundle, can you make more by offering coffee separately? If so, what price should be charged for the bundle? (Show calculations)
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Exploring Economics
Economics
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:SAGE Publications, Inc
Text book image
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Macroeconomics
Economics
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Text book image
MACROECONOMICS FOR TODAY
Economics
ISBN:9781337613057
Author:Tucker
Publisher:CENGAGE L
Text book image
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,