(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.
Just this week a woman in Davenport was charged with child neglect after leaving her 10 and 13-year-old kids home alone while she went to the bar. But Iowa doesn't have a law requiring your child to be a certain age to stay home alone. Iowa doesn't have a law regarding what age a child should be before they start babysitting either. Both those decisions are up to parents. But officials say if you leave you kids alone and something bad happens, you're held responsible. It's a really hard call, Tara Roddick with Project Concern said.