Suppose a Cognitive Psychologist Was Studying How Scientists Think

question 20

Multiple Choice

Suppose a cognitive psychologist was studying how scientists think. Her focus was on how scientific thinking moves from an initial state to a goal state as scientists arrive at a solution. The approach that the psychologist is taking views scientific thinking as a kind of:

• A) deductive reasoning.
• B) inductive reasoning.
• C) creative thinking.
• D) problem solving.

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Definitions:

Loanable Funds

This term refers to the funds available for borrowing in the economy, which includes savings and any capital available for lending to others for investment.

Taxation

The practice of a government collecting revenues from individuals and businesses to fund public services and infrastructure.

Loanable Funds

A marketplace where individuals who save provide capital for those in need of loans.

Potential Investments

Opportunities for allocating resources with the expectation of generating a future financial return or benefit.