ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A place to live
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A nice car
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Designer jeans
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None of the above
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Detailed explanation-1: -Food, water, clothing, sleep, and shelter are the bare necessities for anyone’s survival. For many people, these basic needs can not be met without the aid of charitable organizations.
Detailed explanation-2: -Needs include air, food, water, clothing and shelter.
Detailed explanation-3: -Love/Belonging: friendship, family, sexual intimacy. Esteem: self-esteem, confidence, achievement, respect of & by others. Self-actualization: morality, creativity, spontaneity, problem solving, lack of prejudice, acceptance of facts.
Detailed explanation-4: -The five stages in Maslow’s hierarchy of needs in order from lowest to highest level include physiological, safety, social (love and belonging), esteem, and self-actualization. Each need must be met from lowest (physiological) to highest (self-actualization).