________ Is the Ability to Model the Components of a System

question 60

Multiple Choice

________ is the ability to model the components of a system, to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed.

• A)Abstract reasoning
• B)Systems thinking
• C)Collaboration
• D)Experimentation

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Definitions:

Desired by Society

Pertains to something that is widely regarded as beneficial or needed by the majority of the community or population.

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market balance.