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Module 123-125 Review Part 2
Test Description: Module 123-125 Review Part 2
Instructions: Answer all questions to get your test result.
1) Who created the theory of conspicuous consumption?
A
Veblen Aristocrat
B
Veblen Buffet
C
Warren Veblen
D
Thorstein Veblen
2) The theory of conspicuous consumption dates to around
A
1700
B
1900
C
1800
D
2000
3) Conspicuous consumption purchases are made for their
A
snob appeal
B
all of the above
C
good quality
D
fine craftsmanship
4) Which class of people uses conspicuous consumption to show off?
A
aristocrats
B
middle class
C
poorest class
D
all of the above
5) Which of the following is an example of conspicuous consumption?
A
Buying a second car for yourself instead of paying off bills
B
All of the above
C
Buying an MP3 player instead of buying a DVD
D
Buying clothing instead of a concert ticket
6) Thorstein Veblen's original theory
A
was born when he observed aristocrats during a time of economic contraction.
B
None of the above
C
highlighted the dividing line between social classes.
D
explained the reason behind all debt problems.
7) What does the term “McMansions” refer to?
A
Hamburgers sold at fast food restaurants
B
None of the above
C
Warren Buffet's house
D
Expensive generic houses quickly built
8) Why might large SUVs be considered status symbols?
A
All of the above
B
They are very visible.
C
They are more expensive than most cars.
D
They cost a great deal of money to fuel, maintain, and insure.
9) Which class is defined as not rich but financially comfortable?
A
working class
B
none of the above
C
Bourgeoisie
D
upper class
10) Which of the following purchases reflects conspicuous consumption?
A
buying groceries
B
buying a sports car
C
buying medecation
D
buying gasoline
*select an answer for all questions
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