Examlex
Psychologist John B. Watson strongly advocated the study of mental processes in order to understand how learning occurs in humans and other animals.
Equilibrium Price
The price at which the quantity of a good or service supplied is equal to the quantity demanded.
Surplus
An excess amount of something, especially in the context of production and supply exceeding demand in economics, leading to a situation where the quantity supplied is greater than the quantity demanded.
Nonprice Rationing
Methods of allocating goods and services without adjusting prices, often used in times of shortages, such as queuing or allocating based on need.
Queuing
The process or system by which people or items are arranged in a line awaiting their turn to be attended to or processed.
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