(July 2008). Economic cost is the gains and losses in money, time and resources of one course of action compared to another. The comparison includes the gains and losses precluded by taking a course of action, as the those of the course taken itself.Economic cost differs from accounting cost because it includes opportunity cost.o for the two to four years an individual spends in school, the opportunity cost includes the money that one could have been making at the best possible job. The economic cost of college is the accounting cost plus the opportunity cost.
In a report, the U.S. Census Bureau estimated that nearly 7 million school-age children are routinely left home alone. âDevelopmentally, children are generally ready to be home alone around the age of 12 or 13,â says Cherie Sage, State Director of Safe Kids Kansas.
Legal age for kids home alone. Some states have laws governing what age you can legally leave them home, ranging from age 8 all the way to age 14. Check out the list here to see the specific laws in your state. Most states, however, do not have laws, leaving the decision up to the parent.The National SAFEKIDS Campaign recommends that no child under the age of 12 be left at home alone, but not all parents think it is that black and white.heck out the list here to see the specific laws in your state. Most states, however, do not have laws, leaving the decision up to the parent. The National SAFEKIDS Campaign recommends that no child under the age of 12 be left at home alone, but not all parents think it is that black and white.