Give an Example of a Heuristic

question 19

Short Answer

Give an example of a heuristic.

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Definitions:

Baseballs

Spherical balls used in the game of baseball, made of cork, rubber, yarn, and leather.

World Price

The global price of a product or service, determined by worldwide demand and supply.

Import Quota

A government-imposed limit on the quantity or monetary value of a certain good or category of goods that can be imported into a country.

World Price

The international market price at which goods, services, or commodities are traded across countries.