Multiple Choice Quiz


1	If an adult has low income then which of these programs are they more likely to be eligible for if they have children
		A)	TANF
		B)	Food Stamps
		C)	WIC
		D)	All of these


2	The concept of present value is relevant to the question of the cost of raising a child because
		A)	it is necessary to put a price on children.
		B)	the costs of raising a child increase as they grow older.
		C)	the costs of raising a child diminish as they grow older.
		D)	the costs of raising a child occur over time.


3	At 10% interest the present value of raising a child is likely to be ______ the sum of the annual costs
		A)	more than
		B)	equal to
		C)	slightly less than (about 10% less than)
		D)	much less than


4	The true costs of raising a child include costs such as food and housing but also include
		A)	the lost wages to their parents resulting from the jobs they didn't take to raise those children.
		B)	the day care costs necessary for their parents to work.
		C)	both a) and b)
		D)	neither a) nor b)


5	Saving for college requires the use of present value analysis because
		A)	the amount is saved at a different time that the money is spent.
		B)	the amount saved is often insufficient to pay for college.
		C)	college costs more today than it used to.
		D)	college is important for a good job.


6	Children are disproportionately born to
		A)	the majority population.
		B)	the wealthy.
		C)	minorities .
		D)	b) and c)


7	People with children are _____ likely to be poor as people without children
		A)	much less
		B)	slightly less
		C)	as
		D)	more


8	Children are ____ likely to be a victim of crime than the rest of the population.
		A)	twice as
		B)	a little more
		C)	just as
		D)	less


9	The percentage of children without health insurance is
		A)	1%
		B)	5%
		C)	15%
		D)	85%


10	A noncustodial father is one who
		A)	lives with his children.
		B)	supports his children financially but not emotionally.
		C)	supports his children emotionally but not financially.
		D)	does not live with his children.

2003 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.