Economics - Needs and Wants

Question 1

Things that are necessary in order to survive

Answer 1

Needs

Question 2

Things that people consume to satisfy their desires and pleasures

Answer 2

Wants

Question 3

In 1954, Abraham Maslow wrote his Hierarchy of Human Needs in what book?

Answer 3

“Motivation and Personality”

Question 4

Biological requirements for human survival.

Answer 4

Physiological Needs

Question 5

Most important needs. The human body cannot function without them.

Answer 5

Physiological Needs

Question 6

People want to experience order, predictabiity, and control in their lives

Answer 6

Safety Needs

Question 7

Human emotional need for interpersonal relationships

Answer 7

Love and Belongingness Needs

Question 8

Fourth level in Maslow’s hierarchy; give two categories

Answer 8

Esteem Needs; esteem for oneself and desire for reputation or respect from others

Question 9

Refers to the realization of a person’s potential, self-fulfillment, seeking personal growth, and peak experiences.

Answer 9

Self-Actualization Needs

Question 10

Maslow ____ (when?) describes this level as the desire to accomplish everything that one can, and “to become everything one is capable of becoming”

Answer 10

Self-Actualization Needs

Question 11

Knowledge. People generally want to learn and know things

Answer 11

Cognitive Needs

Question 12

Appreciation of beauty and form. People might fulfill this need through enjoying or creating music, art, literature, and other creative expressions

Answer 12

Aesthetic Needs

Question 13

Humans are driven to look beyond the physical self in search of meaning. Helping others, practicing spirituality, and connecting with nature are a few ways we might meet this need

Answer 13

Transcendence Needs