​In Economics, the Term "Surplus" Means an Excess Quantity Supplied

question 194

True/False

​In economics, the term "surplus" means an excess quantity supplied.

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Definitions:

Schedule

A plan that gives a list of events or tasks and the times at which each one should happen or be done.

Conditioned Reinforcer

A stimulus that gains its reinforcing power through its association with a primary reinforcer, used to increase the likelihood of a desired response.

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or warmth, which inherently reinforces and promotes certain behaviors.

Operant Behavior

A concept in behavioral psychology referring to behavior that is controlled or influenced by its consequences, including rewards and punishments.