Module 123-125 Review Part 2 Question Preview (ID: 34433)

Module 123-125 Review Part 2.

Who created the theory of conspicuous consumption?
a) Warren Veblen
b) Veblen Aristocrat
c) Thorstein Veblen
d) Veblen Buffet

The theory of conspicuous consumption dates to around
a) 2000
b) 1900
c) 1800
d) 1700

Conspicuous consumption purchases are made for their
a) good quality
b) snob appeal
c) fine craftsmanship
d) all of the above

Which class of people uses conspicuous consumption to show off?
a) poorest class
b) middle class
c) aristocrats
d) all of the above

Which of the following is an example of conspicuous consumption?
a) Buying a second car for yourself instead of paying off bills
b) Buying clothing instead of a concert ticket
c) Buying an MP3 player instead of buying a DVD
d) All of the above

Thorstein Veblen's original theory
a) was born when he observed aristocrats during a time of economic contraction.
b) explained the reason behind all debt problems.
c) highlighted the dividing line between social classes.
d) None of the above

What does the term “McMansions” refer to?
a) Expensive generic houses quickly built
b) Warren Buffet's house
c) Hamburgers sold at fast food restaurants
d) None of the above

Why might large SUVs be considered status symbols?
a) They are more expensive than most cars.
b) They cost a great deal of money to fuel, maintain, and insure.
c) They are very visible.
d) All of the above

Which class is defined as not rich but financially comfortable?
a) Bourgeoisie
b) upper class
c) working class
d) none of the above

Which of the following purchases reflects conspicuous consumption?
a) buying a sports car
b) buying groceries
c) buying medecation
d) buying gasoline

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