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In our early years as a country, we noticed that rural areas exhibited higher fertility than more urban areas (that is, people in rural areas

In our early years as a country, we noticed that rural areas exhibited higher fertility than more urban areas (that is, people in rural areas had more children than people in more urban locations). How could we explain this phenomenon if we think about children as

  1. Consumption goods
  2. Investments

(explain why we would observe the higher fertility in more rural areas using each way of thinking about children separately).

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