HUMAN NEEDS THEORY Suggests That People Need to

question 19

Multiple Choice

HUMAN NEEDS THEORY suggests that people need to

• A) Satisfy their higher-level needs before they can satisfy their lower-level needs.
• B) Satisfy their more basic needs before they can satisfy their higher-level needs.
• C) Satisfy all their needs at the same time.
• D) Resolve conflict before they can satisfy their needs.
• E) All of the above.

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Definitions:

CPI

Consumer Price Index, a measure indicating the average price level of a basket of goods and services purchased by households, used to estimate inflation.

Base Year

A reference year against which economic or financial data is compared to measure economic performance or inflation.

Prices

Monetary values assigned to goods and services, which are determined by supply and demand dynamics in the market.

Misery Index

An economic indicator created by summing the unemployment rate and the inflation rate, intended to measure the health of an economy.