In the 2012 presidential campaign, the media primed the
public to make economy a major issue of the election. This was primarily as a
result of the Global economic downturn that began in 2007 and lasted till the
election period, of which developed countries like the U.S suffered the
greatest impact.
The Constitution provides that an amendment may be proposed either by the Congress with a two-thirds majority vote in both the House of Representatives and the Senate or by a constitutional convention called for by two-thirds of the State legislatures.
Answer:
The costs of passing a bill that prohibits child labor is precisely that all the labor that children could have provided for the economy is forgone. So in pure economic terms, there is a loss of value, a sunk cost.
However, the benefit is both economic, and social. The economic benefit is that children will instead go to school, and educate themselves to become more productive workers in the future. And the social benefit is a fairer society, and wealthier too.
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Explanation:
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