Why Is It Important To Choose Domestic Or International Adoption?

We make many decisions in our lives from small, daily decisions to major life decisions. The majority impact us economically. Fiscally responsible people often take the cost-benefit principal into account when making economic decisions. The principle first assumes people are rational and so, their goals are rational. It then states, one should only take action when the benefits of that action are as least as high as the costs associated with the action. I wondered what the outcome would be when an emotional decision, such as adopting a baby through international adoption, was approached using this economic principle. If the decision has been made to adopt, choosing domestic or international adoption is often the first dilemma. Each differs in the children available, their medical history, cost, wait time involved and other factors. Overall, costs tend to be similar between the two. When choosing international adoption, the next choice is …show more content…
Growing a family seems to have less to do with if it is affordable but rather when it is affordable. Statistically, the majority of individuals become parents. There exists an innate desire to parent. Postponement occurs but rarely do people forego it completely even if it means selling items or going into debt. My parents are not wealthy. Additionally, they are careful with their money. I don't know if they conducted a detailed cost-benefit analysis prior to making the decision to adopt or tallied up how many utils of happiness they expected to receive but I know they gave it very careful consideration. They obviously determined the costs were worth the outcome which, basically, means the cost-benefit principle supported their goal. They had no idea, however, that I am the one who would truly