What Is the Lowest Need in Maslow's Hierarchy

question 19

Multiple Choice

What is the lowest need in Maslow's hierarchy?

• A)physiological
• B)safety
• C)achievement
• D)self-actualization

Comprehend the reasons behind wage disparities such as education, skills, job responsibilities, and working conditions.

Recognize the role of consumers in perpetuating discrimination in labor markets.

Understand gender wage disparities, including the impact of job experience and other contributing factors.

Evaluate claims of discrimination in the labor market and understand the complexities involved in determining wage gaps.

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Definitions:

Endowment

An investment fund established by a foundation that makes consistent withdrawals for charitable activities or to fund its operations, typically sourced from donations.

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of assets, typically expressed as an annual rate.

Consumes

The action of using up a good or service to satisfy needs or wants.

Consumption

The process by which goods and services are used up by consumers, representing the end phase of the economic cycle.