The Goal of the Modeling Approach to Problem Solving Is

question 17

Multiple Choice

The goal of the modeling approach to problem solving is to

• A)Help individuals make good decisions.
• B)Ensure optimality of decisions.
• C)Determine a set of optimal decisions.
• D)Determine feasibility of decisions.

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Definitions:

Percentage

A rate, number, or amount in each hundred.

Income Distribution

A measure of how a nation’s total GDP is distributed amongst its population.

Incentive

something that motivates or encourages an individual or entity to perform or act in a certain manner.

Poverty Line

A threshold income level below which an individual or household is considered to be living in poverty, varying by country and adjusted for family size.