Examlex
When groupthink occurs, there is extreme pressure to conform to the cohesive group; thus, people who may privately hold dissenting views tend to keep quiet, creating the __________.
Ration Coupons
Physical or digital vouchers issued by governments or organizations to allow individuals to purchase a limited amount of scarce commodities, historically used during times of war or shortages.
Price Ceiling
Legislation or regulation that sets the maximum legal price a seller can charge for a product or service to prevent market prices from rising above a certain level.
Shortage
A situation in which the demand for a good or service exceeds its supply in a market.
Surplus
is an economic situation in which the quantity of a good supplied exceeds the quantity demanded at the current price, often leading to a decrease in prices.
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