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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
Thorstein Veblen
C
Veblen Buffet
D
Warren Veblen
2) The theory of conspicuous consumption dates to around
A
1900
B
1700
C
1800
D
2000
3) Conspicuous consumption purchases are made for their
A
good quality
B
all of the above
C
fine craftsmanship
D
snob appeal
4) Which class of people uses conspicuous consumption to show off?
A
poorest class
B
middle class
C
all of the above
D
aristocrats
5) Which of the following is an example of conspicuous consumption?
A
All of the above
B
Buying clothing instead of a concert ticket
C
Buying a second car for yourself instead of paying off bills
D
Buying an MP3 player instead of buying a DVD
6) Thorstein Veblen's original theory
A
None of the above
B
highlighted the dividing line between social classes.
C
was born when he observed aristocrats during a time of economic contraction.
D
explained the reason behind all debt problems.
7) What does the term “McMansions” refer to?
A
Warren Buffet's house
B
Expensive generic houses quickly built
C
Hamburgers sold at fast food restaurants
D
None of the above
8) Why might large SUVs be considered status symbols?
A
All of the above
B
They cost a great deal of money to fuel, maintain, and insure.
C
They are more expensive than most cars.
D
They are very visible.
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 medecation
C
buying gasoline
D
buying a sports car
*select an answer for all questions
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