Examlex
Which of the following are influences the budget has on potential GDP?
i.Government spending on infrastructure such as roads
ii.The collection of taxes
iii.Government spending on public goods to enhance productivity
Satisficing
A decision-making strategy that involves choosing an option that meets a minimum level of satisfaction rather than the optimal solution.
Not-invented-here Bias
A mindset or culture within an organization that undervalues or disregards ideas, products, or solutions simply because they originate from external sources.
Ill-Structured Problem
A problem for which the existing and desired states are unclear and the method of getting to the desired state is unknown.
Confirmation Bias
The tendency to search for, interpret, favor, and remember information in a way that confirms one's preexisting beliefs or hypotheses.
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