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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. Who performs the most vicarious consumption, according to Veblen?
(a) Children.
(b) The women of the household.
(c) Servants.
(d) The wage earner.

2. What did men use to display their exploits during the earliest forms of ownership?
(a) Stories.
(b) War booty.
(c) Enemy women.
(d) Gold.

3. What happens to the standard of wealth over time?
(a) It changes as trends change.
(b) It keeps increasing as society becomes more efficient.
(c) It declines as efficiencies make wealth easier to obtain.
(d) It remains the same until technology increases efficiencies again.

4. According to Veblen, new selections of the fittest are driven by changes in what?
(a) Ideas.
(b) Habits.
(c) Institutions.
(d) Fashions.

5. When did the leisure class become part of society?
(a) At the same time ownership did.
(b) At the same time religion did.
(c) At the same time slavery did.
(d) At the same time technology did.

Short Answer Questions

1. How do standards of consumption change?

2. What factors drove the emergence of the leisure class?

3. What does Veblen say happens as technology progresses?

4. What two classes does Veblen distinguish between?

5. Private ownership led to what cultural development?

(see the answer key)

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