(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.
Under Maryland law, a child must be at least eight years old to be left alone in a house or car. State law also says a child must be at least 13 years old to baby-sit another child. Generally, it is left up to the parent to decide whether a child who is at least eight is mature enough to be home alone.Any time you leave your child alone, be sure the child knows what to do in case of an emergency.tate law also says a child must be at least 13 years old to baby-sit another child. Generally, it is left up to the parent to decide whether a child who is at least eight is mature enough to be home alone.