What Is One of the Criticisms of Abraham Maslow's Hierarchy

question 154

Multiple Choice

What is one of the criticisms of Abraham Maslow's hierarchy of needs?

• A) The highest level has never been attained.
• B) Self-actualization is actually a biological drive.
• C) The hierarchy does not have any focus on social needs.
• D) There is no good evidence that unmet needs become more important than needs that have been met.

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Definitions:

Usury Law

Legal regulations that set maximum interest rates that can be charged on loans to protect consumers against excessively high rates.

Equilibrium Interest Rate

The interest rate at which the demand for money in an economy equals the supply of money, maintaining a balance without excess surplus or shortage.

Market Equilibrium

The state in which market supply equals market demand, leading to price stability.

Economic Profit

The financial gain obtained after subtracting both explicit and implicit costs from total revenue, reflecting the true profitability of a business.