The Order of Human Needs, from the Most Basic to the Least

question 27

Multiple Choice

The order of human needs, from the most basic to the least basic needs, in Maslow's hierarchy of needs is:

• A)physiological, love and belongingness, safety, self-actualization, esteem
• B)physiological, safety, love and belongingness, esteem, self-actualization
• C)physiological, safety, esteem, love and belongingness, self-actualization
• D)physiological, self-actualization, safety, love and belongingness, esteem

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Definitions:

Consumption

Households' utilization of both products and services.

MPS

The marginal propensity to save, which is the fraction of additional income that is saved.

Disposable Income

The fiscal envelope for household spending and saving activity subsequent to income tax adjustments.

Consumption

The purchase and use of goods and services by households, considered a primary component of economic activity and an indicator of the economic health of a nation.