Which of the Following Is TRUE of Heuristics

question 4

Multiple Choice

Which of the following is TRUE of heuristics?

• A)Heuristics always lead to correct solutions of a problem.
• B)Heuristics are a slower way to solve problems than are other strategies.
• C)Heuristics represent commonly used approaches to the solution of a problem.
• D)Heuristics are used by computers but not by humans as problem-solving tools.

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Definitions:

Government Intervention

Actions taken by a government to influence or directly regulate the economy, often to correct market failures and promote economic stability.

Chemical Hazard Control

The methods and practices involved in reducing or eliminating exposure to harmful chemical substances in the environment or workplaces.

Government Intervention

The involvement by the government in the economy, with actions that can include regulations, subsidies, tariffs, and direct provision of goods and services.

Externalities

Costs or benefits arising from an economic activity that affect other parties who did not choose to incur that cost or benefit.