The Theoretical Difference Between a Clinical Psychologist and a Counseling

question 213

Multiple Choice

The theoretical difference between a clinical psychologist and a counseling psychologist is that

• A)the clinical psychologist has a doctorate; the counseling psychologist has a master's degree.
• B)the clinical psychologist specializes in the treatment of mental disorders; the counseling psychologist specializes in the treatment of everyday adjustment problems.
• C)only the clinical psychologist can prescribe drugs.
• D)clinical psychologists are trained to provide behavior therapy; counseling psychologists are trained to provide insight therapy.

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Definitions:

No-Arbitrage Condition

A theoretical situation where there is no possibility of risk-free profits – prices in the financial markets should exclude the possibility of arbitrage opportunities.

Risk-Return Dominance

A principle stating that an investment or portfolio is more desirable if it has a higher expected return for a given level of risk, or lower risk for a given level of expected return.

Market Equilibrium

Market Equilibrium is a condition in a market where the quantity demanded by consumers equals the quantity supplied by producers, resulting in stable prices.

Factor Risk

The risk associated with a specific factor or factors that can affect the performance of an investment portfolio, unrelated to broader market movements.