A Heuristic Is __________

question 86

Multiple Choice

A heuristic is __________.

• A)a specific rule or solution procedure that is certain to yield the correct answer if followed correctly
• B)an informal "rule of thumb" method for solving problems,not necessarily guaranteed to solve the problem correctly,but usually much faster or more tractable than other alternatives
• C)the act of someone who reasons; to think logically; to analyze with reason
• D)the mental representation of meaning in a reasoning problem

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Definitions:

Japanese Dominance

A period or concept where Japan excels or has excelled significantly in certain industries or economic sectors, outperforming competitors.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choice.

Absolute Advantage

The ability of an individual, company, or country to produce a good or service at a lower cost per unit than other competitors with the same quality.