If People Care About Relative Consumption Rather Than Absolute Consumption

question 87

Multiple Choice

If people care about relative consumption rather than absolute consumption, then:

• A)their behavior will be consistent with traditional economic models.
• B)there is little need for government intervention in markets.
• C)their choices will lead to an efficient allocation of resources.
• D)individuals' decisions need not lead to socially optimal outcomes.

---

Definitions:

Unconditional Positive Regard

A consistent expression of acceptance and support for a person regardless of what they say or do, often emphasized in client-centered therapy.

Basic Human Worth

The inherent value and dignity that each person possesses, regardless of circumstances or actions.

Counselor's Self

The personal attributes, values, beliefs, and behaviors of a counselor that they bring into the therapeutic relationship.

Authentic Encounter

A genuine and open interaction between individuals, marked by honesty, vulnerability, and mutual respect.