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Research Has Shown Children Can Identify Good and Bad Categories

question 24

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Research has shown children can identify good and bad categories, and especially the "bad", very early in life. This highlights which psychological principle?


Definitions:

Quantity Supplied

The total amount of a good or service that sellers are willing and able to sell at a given price over a specified period.

Excess Demand

A situation where the quantity of a good or service demanded exceeds the quantity supplied at a given price, often leading to shortages.

Price Floor

A government or regulatory minimum price set above the equilibrium price, intended to protect producers.

Surplus

An excess amount of a product or resource relative to demand, often leading to lower prices or stockpiling.

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