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In a study by Bjorklund, children were trained to use grouping as a means to improve recall. Although the fourth-graders in this study were able to learn the grouping strategy, their recall ability did not improve. This finding is an example of
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market equilibrium.
Consumer Surplus
The variance between the amount buyers are ready to spend on a good or service and the amount they actually pay.
Tariff
A tax imposed by a government on goods and services imported from other countries to regulate trade and protect domestic industries.
Sugar
A sweet-tasting, soluble carbohydrate found in many plants, widely used as a sweetener in food and beverages.
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