In his book naked economics, charles wheelan discusses the falling birth rate in industrialized countries like japan and the united states. he writes that the main cost of child rearing today is the cost of forgone earnings when a parent stops or cuts back working in order to raise a child. the earnings that parents forgo to raise children are an example ofa marginal cost.

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" In his book Naked Economics, Charles Wheelan discusses the falling birth rate in industrialized countries like Japan and the United States. He writes that the main cost of child rearing today is the cost of forgone earnings when a parent stops or cuts back working in order to raise a child. The earnings that parents forgo to raise children are an example of  ..."

Opportunity Cost

Explanation:

Opportunity cost is an economic concept used to describe the cost of not doing something in order to do something else. That is, in this situation to perform a certain activity, it will be necessary to give up another one that may be more pleasant and profitable, or not.

Regarding the question above, we can say that the gains that parents waive in order to be able to raise their children is an example of opportunity cost. This is because raising a child requires a great economic expense that parents can choose to avoid if they do not have children, that is, it is necessary to make a choice between having a child and reducing their finances, or, not having a child and possibly increasing their finances.