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