In the Maslow Hierarchy of Needs, a Health Insurance Policy

question 23

Multiple Choice

In the Maslow hierarchy of needs, a health insurance policy would satisfy a ________ need.

• A) physiological
• B) safety
• C) social
• D) personal
• E) self-actualization

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Definitions:

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and direct labor expenses.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period.

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Long Run

A period in economics where all factors of production and costs are variable, allowing companies to adjust to achieve the most efficient scale of operation.