The Tendency to Perceive and Approach Problems in the Same

question 64

Multiple Choice

The tendency to perceive and approach problems in the same ways that have worked in the past is called:

• A)mental set.
• B)algorithmic thinking.
• C)convergent thinking.
• D)the prototype heuristic.

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Definitions:

Great Recession

The Great Recession refers to the global economic downturn that occurred from 2007 to 2009, marked by significant financial crises, high unemployment, and contraction in the world economy.

Goods

Tangible products that fulfill the needs or desires of consumers.

Services

Economic activities that typically involve providing intangible products such as healthcare, entertainment, and consulting.

Macropolicy Dilemmas

Refers to conflicts or challenges in creating policies that affect the overall economy, often involving trade-offs between conflicting economic goals like inflation and unemployment.