If You Were to Use the World Bank Economic Categories

question 155

Multiple Choice

If you were to use the World Bank economic categories to classify Brazil,Denmark,Nigeria,and Chile,which of the following categories would you use?

• A) underdeveloped,developing,and developed nations
• B) low-income,lower-middle income,upper-middle income,and high-income economies
• C) first,second,third worlds
• D) human development index categories

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Definitions:

Lower-order Needs

Basic human necessities such as food, water, and safety, which are foundational before higher-level needs can be pursued, according to Maslow's hierarchy.

High Need

A strong requirement or desire for something, which can drive behavior and motivation in both personal and professional contexts.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow that outlines a hierarchy of human needs, from basic physiological needs to self-actualization, suggesting that higher needs can only be pursued once foundational ones are met.

Physiological Needs

Basic requirements for human survival, such as food, water, shelter, and clothing, which are the foundation of Maslow's Hierarchy of Needs.