In Maslow's Hierarchy of Needs, the Last Set of Needs

question 110

True/False

In Maslow's hierarchy of needs, the last set of needs to become activated is love and belongingness needs.

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Definitions:

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the amount loaned.

Income

The financial gain (earned or unearned) accruing over a given period of time.

Utility Functions

Mathematical expressions used in economics to represent a consumer's preference ranking for various bundles of goods.

Consumption

The utilization of goods and services by households or individuals to satisfy their needs and wants.