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This quiz consists of 5 multiple choice and 5 short answer questions through Industrial Exemption and Conservatism.

Multiple Choice Questions

1. What happens when men come into wealth through peaceful means?
(a) Property becomes an indicator of success.
(b) Property becomes the measure of spiritual values.
(c) Property becomes the subject of competition and warfare.
(d) Property becomes an indicator of heritage.

2. What does Veblen say emulation leads to?
(a) Conspicuous servitude.
(b) Conspicuous consumption.
(c) Conspicuous produciton.
(d) Conspicuous waste.

3. Where is conspicuous consumption most prevalent?
(a) In urban areas.
(b) In Paris.
(c) In court.
(d) In rural areas.

4. What two classes does Veblen distinguish between?
(a) Aesthetic and industrial classes.
(b) Acquisition and production classes.
(c) Production and distribution classes.
(d) Consumption and waste classes.

5. What does Veblen mean by the terms "social inertia" and "conservatism"?
(a) Man will cling to his habits until he is forced to change.
(b) Man will always imagine that returning to the past is possible.
(c) Institutions will always change faster than individuals.
(d) Man will forever idealize the past.

Short Answer Questions

1. What is reserved for the leisure class?

2. What kind of leisure is created by inheritance?

3. What do expensive handmade clothes have that cheap imitations do not?

4. When did the leisure class become part of society?

5. Under what conditions is there a quasi-peaceful stage in Western culture, according to Veblen?

(see the answer key)

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