A Major Problem with the Hill-Climbing Heuristic Is That

question 83

Multiple Choice

A major problem with the hill-climbing heuristic is that

• A) people choose the most direct route at every choice point, even though an indirect route may be better in the long run.
• B) people are inefficient in dividing the problem into the appropriate subproblems.
• C) people typically show functional fixedness.
• D) people are too likely to move backwards, rather than forwards.

---

Definitions:

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Final Goods

Products that are purchased for consumption by the end user and are not intended to be resold or used in the production of other goods.

Marginal Tax Rates

The rate at which the last dollar of income is taxed, illustrating the percentage of tax applied to your income for each tax bracket in which you qualify.

Supply-Side Economists

Economists who believe that reducing barriers to production and encouraging the supply of goods and services is the most effective way to stimulate economic growth.