Observing the Similarities Between a New Problem to Be Solved

question 79

Multiple Choice

Observing the similarities between a new problem to be solved and one you've successfully solved in the past is called ​

• A)an algorithm.
• B)searching for analogies.
• C)shaping.
• D)the alternative outcomes effect.

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Definitions:

Net Capital Outflow

The net balance resulting from domestic residents buying foreign assets and foreigners buying domestic assets.

Real Interest Rate

The interest rate adjusted for inflation, indicating the real profit of an investment or the real cost of borrowing.

Government Budget Deficit

A financial situation that occurs when a government's expenditures exceed its revenues in a given fiscal period.

National Saving

National saving, also known as domestic saving, is the sum of private and public saving, representing the part of national income that is not consumed or spent by the government.