Prestige, Status, and Accomplishments Are All Examples of Which Level

question 98

Multiple Choice

Prestige, status, and accomplishments are all examples of which level of needs in the Maslow's Hierarchy of Needs?

• A)ego needs
• B)belongingness needs
• C)safety needs
• D)self-actualization needs
• E)physiological needs

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Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from one more unit of a good or service being consumed.

Marginal Private Benefit

The additional benefit or satisfaction received by a consumer or producer from consuming or producing one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing an additional unit of a good or service, including both private costs and any externalities.

Nonexcludable

A characteristic of public goods where it is not possible to prevent individuals from using the good or service, regardless of whether they have paid for it.