A sizeable section of the children in poor countries do not have access to basic education. Of those who do, many drop out of school before graduating. The percentage of children of graduating age who actually completed primary school in 1999 was 73 percent in developing countries as a group and 81 percent in East Asia. The situation in South Asia and sub-Saharan Africa was worse with only 50 percent of the children graduating from school during that year. Although this has improved overtime, the problem still persists.
In spite of knowing the advantages of being educated, many poor families still choose to keep their children out of school. Which of the following is a likely explanation for this apparently irrational behavior?
The governments of poor countries usually have high trade deficits.
B.
The labor market in poor countries usually has a surplus of unskilled workers.
C.
The opportunity cost of education in terms of lost wages by child workers is high for poor families.
D.
Many not-for-profit organizations in these countries are lobbying for the abolition of child labor.
E.
Due to an acute shortage of educated people, lucrative employment opportunities are going to immigrant workers.
Answer : As poor families still choose to keep their children out of the school because the oppournity cost of education in terms of lost wages by child worker is higher for poor families. The main reason behind the decision are :
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