9. We discussed how the opportunity cost of sending children to school affects the level of school...
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9. We discussed how the opportunity cost of sending children to school affects the level of school enrolment across countries. The United Nations Human Development Report 2016 reports the following data for per capita income in 2015 (in the equivalent of 2011 US dollars). LO 2.4 MEDIUM
Canada $42,891 Denmark $43,415 Greece $24,617 Lesotho $ 2,517 Ethiopia $ 1,530 Source: Adapted from United Nations Development Program 2016, Human Development Report 2016. a)Which country would you expect to have the highest school enrolment rate? The lowest rate? b)Discuss what other factors besides GDP per capita a family might consider when applying the cost–benefit principle to the decision of whether or not to send a child to school.
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