A Surplus Occurs When

question 57

Multiple Choice

A surplus occurs when:

• A) workers are more productive than expected.
• B) the quantity supplied is greater than the quantity demanded.
• C) more people want to buy a good than want to sell it.
• D) a market is at equilibrium.

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Definitions:

Increased Activation

A state or condition in which there is a higher level of response or activity in a particular system or area of the brain.

Amygdala

The amygdala is a region of the brain involved in emotional processes, including fear and pleasure responses.

Ethical Concern

A moral issue or problem that requires a person or organization to consider what is right and wrong in their conduct.

Milgram Studies

A series of social psychology experiments conducted by Stanley Milgram, which measured the willingness of study participants to obey an authority figure who instructed them to perform acts conflicting with their personal conscience.