An Economic Model Can Be Described as

question 8

Multiple Choice

An economic model can be described as

• A) an abstract representation of reality
• B) a detailed description of some economic phenomenon
• C) something that is often more complex than the real-world phenomenon it represents
• D) a vehicle for making positive economic statements
• E) a vehicle for making normative economic statements

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Definitions:

Humanistic Psychologists

Psychologists who focus on individual potential and stress the importance of growth and self-actualization.

Carl Rogers

An influential American psychologist who founded the person-centered approach to therapy, emphasizing the importance of the individual's subjective experience and the innate drive towards self-actualization.

Abraham Maslow

An American psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology that ranks human needs in the order of their importance for personal development.

Functional Autonomy

A principle in psychology where behaviors and habits, initially formed in response to a particular need, persist even after the original motive has ceased.