In five to six sentences, use what you have learned to answer the following prompt.

After analyzing the costs and benefits of continuing
child labor or passing a bill that prohibits child labor,
which option do you think is the wisest decision, and
why?

Be sure to include examples of economic, social, and
political costs and benefits.

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.