What Major Event in the 1950s Played a Key Role

question 117

Multiple Choice

What major event in the 1950s played a key role in the deinstitutionalization of mental hospital patients?

• A) the discovery of psychoanalysis
• B) the Cuban missile crisis
• C) the discovery of biofeedback
• D) the discovery of several important drugs

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Definitions:

Substitution Effect

The economic principle that as prices rise, consumers will replace more expensive items with less costly alternatives.

Income Effect

The impact that changes in either personal or economic income have on how much of a good or service is sought after.

Quantity of Labor

The total hours of work or number of workers employed by a firm or within an economy, which can influence production output levels.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute away from more expensive items.