In the Context of Maslow's Types of Needs, Which of the Following

question 122

Multiple Choice

In the context of Maslow's types of needs, which of the following deals with basic biological necessities of life, such as food, drink, rest, and shelter?

• A)Esteem needs
• B)Functional needs
• C)Safety needs
• D)Physiological needs
• E)Psychological needs

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Definitions:

Good X

A term used to denote a specific product or commodity in economic models.

Substitute Goods

Products or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Demand

Demand refers to the quantity of a product or service that consumers are willing and able to purchase at various prices during a given period.

Price Decrease

A reduction in the cost that buyers must pay for a good or service.