Economic Models, Such as the Circular-Flow Model

question 152

Multiple Choice

Economic models, such as the circular-flow model:

• A) distort reality in order to improve forecasting ability.
• B) predict phenomena without explaining them.
• C) explain phenomena without predicting them.
• D) include every detail and interrelation among variables that are being analyzed.
• E) capture the important elements of the problem under study.

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Definitions:

Client Needs

Refers to the requirements or services necessary to support an individual's well-being, health, or specific goals, often identified through assessment in various professional settings.

Parsimonious Services

The concept of providing services in the most efficient and economical manner, aiming to achieve the best outcomes with minimal resource expenditure.

Increasing Client Dependence

A condition where clients become progressively more reliant on their service providers, often seen as an unethical practice in therapeutic contexts.

Case Management

The process of organizing and coordinating services and resources for individuals with specific needs, often in healthcare, social work, or human services settings.