In Maslow's Hierarchy of Needs, Lower-Order Needs Differ from Higher-Order

question 141

Multiple Choice

In Maslow's hierarchy of needs, lower-order needs differ from higher-order needs as higher-order needs:

• A) focus on desires for good-interpersonal relationships.
• B) are addressed by things such as physical comfort on the job and reasonable work hours.
• C) focus on desires for psychological development and growth.
• D) are served by job security and adequate compensation and benefits.
• E) focus on desires for physical and social well-being.

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Definitions:

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, as an indicator of inflation or deflation.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to calculate real GDP.

New Goods

Products that have been recently introduced to the market, offering novel features or technologies.

Consumer Spending

The total value of goods and services purchased by households over a period of time, contributing to the overall economic activity.