Examlex
The academic performance of certain students dramatically improved when teachers were led to believe that those students were intellectually gifted,regardless of the true ability levels of the students.This result shows the importance of ________.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually pay.
Marginal Cost
The financial outlay required to produce a further unit of a product or service.
Pollution Abatement
Actions taken to reduce, control, or eliminate pollution from sources in order to protect the environment.
Marginal Utility
The supplementary utility or enjoyment obtained by consuming an additional unit of a good or service.
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