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This quiz consists of 5 multiple choice and 5 short answer questions through The Belief in Luck.

Multiple Choice Questions

1. Vicarious leisure results in what?
(a) Distinctions among servant classes.
(b) Competition among owners.
(c) Greater employment.
(d) Competition among servant classes.

2. What does Veblen say causes an item of clothing to be seen as inferior?
(a) If it is widely available.
(b) If it is cheap.
(c) If it is gaudy.
(d) If it is easy to manufacture.

3. To whom does the requirement of excessive clothing apply most?
(a) Servants.
(b) Women.
(c) Owners.
(d) Children.

4. How does Veblen say contestants in sporting events demonstrate their belief in luck?
(a) By performing rituals.
(b) By wearing talismans.
(c) By saying prayers to fortune.
(d) By offering sacrifices.

5. What does Veblen say is the reason for gambling?
(a) A belief in luck.
(b) Distrust in the economic system.
(c) Failure to be convinced of the value of labor.
(d) Longing for riches.

Short Answer Questions

1. What are signs of vicarious consumption?

2. How does a belief in luck have an effect on efficiency?

3. What is the term Veblen uses for the belief that a sports event can be influenced by outside factors?

4. Vicarious consumption reflects whose standing?

5. What does consumption yield to the individual?

(see the answer key)

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