The Lives of Individuals with Physical Disabilities Have Been Improved

question 88

Multiple Choice

The lives of individuals with physical disabilities have been improved by all of the following EXCEPT

• A)increasing visibility in the media.
• B)public education that serves all children.
• C)elimination of physical barriers.
• D)public attitudes of pity.

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Definitions:

Allocatively Inefficient

A situation where resources are not distributed in a way that maximizes the benefits to society, often leading to a loss of economic welfare.

Marginal Benefit

The additional satisfaction or utility gained from receiving or consuming one more unit of a good or service.

Marginal Cost

The cost of producing one additional unit of a product or service, a key concept in economic theory for decision-making and pricing.

Monopolists

Entities that are the sole providers of a product or service in a market, allowing them to control prices and output levels.