Unformatted text preview: 2. The opportunity cost lies in the hands of the children. Each child has two choices: spending time and money towards a college education/degree or working immediately after preliminary schooling. The article points out that “Chinese colleges and universities enrolled over 14 million students, up from about 4.3 million in 1999”. Therefore, the children’s decision to enhance their education in order to obtain a better job has a direct correlation to the slow labor migration phenomenon. 3. No. The article shows a decreasing opportunity cost of providing more and more factory goods....
View Full Document
This note was uploaded on 07/12/2009 for the course ECN 1211 taught by Professor Maloney during the Spring '09 term at Fairleigh Dickinson.
- Spring '09