The Personal Values of Counselors

question 12

Multiple Choice

The personal values of counselors:

• A) have no place in the counseling session.
• B) should be completely altruistic.
• C) are influenced by their families of origin and their cultures, among other factors.
• D) are rooted in universal moral principles.
• E) should prevail over ethics when there is a conflict between the counselor's values and the client's behavior.

Apply the principles of opportunity cost and comparative advantage to real-life scenarios.

Understand the importance of specialization and exchange in improving efficiency.

Recognize how opportunity costs influence everyday decisions, including time management.

Grasp the concept of sunk costs and their irrelevance to future economic decisions.

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Definitions:

Capital To Labor Ratio

A measurement of the amount of capital employed per unit of labor, often used to understand the level of mechanization or technology used in production.

Capital Goods

Goods that are used in producing other goods, rather than being bought by consumers directly, such as machinery, tools, and buildings used in production.

Economic Growth

An increase in a nation's production of goods and services, measured by its gross domestic product (GDP) over time.

Consumer Goods

Items produced for personal consumption by individuals and households.