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As a sixth grader, Mario shows exceptional creativity in his art class when using pastels for the first time.Which one of the following predictions is most warranted from this information?
Diminishing Marginal Utility
The principle that as a person consumes more of a product, there is a decline in the additional satisfaction or utility that person derives from consuming one more unit of the product.
Equality-Efficiency Trade-Off
This concept deals with the balance or compromise between achieving a more equitable distribution of resources and maximizing economic efficiency.
Income Equality
A situation in which earnings are distributed evenly across members of a society, reducing income disparities.
Growing Income Inequality
The increasing gap in the distribution of income and wealth among individuals or households within a community or country.
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