If You Generate a New Idea That Has Not Yet

question 7

Multiple Choice

If you generate a new idea that has not yet been implemented by others, and the idea offers a more profitable use of some resource, it is likely an example of:

• A) innovation.
• B) market failure.
• C) intervention.
• D) a goal other than profit.

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Definitions:

Reinterpret

To consider or represent something in a new or different way.

Analogical Representation

A form of cognitive representation where one idea, situation, or aspect is understood in terms of its similarity to another.

Satellite Weather Map

A graphical representation of meteorological data collected from satellites, showing weather patterns and conditions over large geographic areas.

Directed Thinking

Focused, goal-oriented thought processes that aim to solve specific problems.