The Most Basic of Our Needs Are Physiological, Followed by Safety

question 174

Multiple Choice

The most basic of our needs are physiological, followed by safety, social, and personal type needs. According to the hierarchy of needs, what category of needs is of the highest order?

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

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Definitions:

Economic Resource

Assets, materials, and inputs used to produce goods and services, including labor, capital, land, and entrepreneurship.

Money

A medium of exchange that is widely accepted in transactions for goods and services and repayment of debts.

Uninsurable Risk

A risk that cannot be covered by an insurance policy due to its high probability of occurring or the inability to accurately price it.

Sources

Refers to the origins or providers of information, materials, or financial resources.