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The fifth edition of Diagnostic and Statistical Manual of Mental Disorders (DSM-5)came out in 2013.
a. Describe the DSM and how is it used to diagnose mental disorders.
b. Explain the dimensional approach and discuss at least one benefit of using this method.
c. Discuss one limitation/criticism of the DSM.
Competitive Market
A market scenario where there are many buyers and sellers, and no single entity has the power to significantly influence the prices of goods and services.
Resource Allocation
The process of distributing available resources among various competing needs or uses in an effort to achieve maximum efficiency or to accomplish specific objectives.
Excise Tax
An indirect tax charged on the sale of a particular good or service, often included in the price of products like gasoline, alcohol, and tobacco.
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