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Wilhelm is being raised in a bilingual environment, learning to speak both German and French before the end of the critical period. Assuming Wilhelm has equally mastered both languages, what you would most likely discover when Wilhelm is in junior high?
Money
A medium of exchange used to facilitate transactions of goods and services.
Producer's Surplus
The difference between the amount a producer is willing to accept for a good or service and the actual amount received from its sale.
Supply Curve
A graph showing the relationship between the price of a good and the amount of it that suppliers are willing to produce and sell, under the assumption of other conditions being constant.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good demanded by consumers.
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