Derek Learns That His Apartment Building Has Been Sold and That

question 362

Multiple Choice

Derek learns that his apartment building has been sold and that he has to move by the end of the month. He develops the following plan of action: (1) look for a new apartment; (2) arrange for utilities; (3) contact a moving company and schedule the move; (4) start collecting empty boxes; (5) pack nonessential items first; and so forth. What kind of problem-solving strategy is Derek using to solve the problem of moving before the end of the month?

• A) the heuristic of identifying subgoals
• B) trial-and-error planning
• C) an algorithm
• D) functional fixedness

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Definitions:

Negative Externalities

Costs experienced by a third party not involved in a transaction, arising from production or consumption of goods and services.

Majority Voting

A decision-making process where the option that receives more than half of the votes cast by eligible voters is chosen.

Economic Efficiency

The optimal distribution of resources to maximize productivity and fulfill consumer preferences with minimal waste.

Paradox Of Voting

The concept that in a large election, the probability of one vote being decisive is so small that rational voters have no incentive to vote.