A Shortcut, "Rule of Thumb," or Guiding Principle Used in Solving

question 142

Multiple Choice

A shortcut, "rule of thumb," or guiding principle used in solving problems or making decisions is

• A) an analogy.
• B) trial and error.
• C) algorithm.
• D) a heuristic.

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Definitions:

Exports and Imports

Exports refer to goods and services sold by a country to other countries, whereas imports are goods and services bought by a country from other countries.

Gross Domestic Product

The total value of all goods and services produced within a country's borders over a specified period, indicating the size of its economy.

Monetary Value

The worth of goods, services, or products in terms of the amount of money they can be exchanged for or the amount of currency they represent.

Products and Services

The combination of physical items and intangible activities that satisfy consumer needs and wants.