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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 an indicator of heritage.
(d) Property becomes the subject of competition and warfare.

2. What does Veblen say comprises people's standard of living?
(a) Their habitual expenditures.
(b) Their debt.
(c) Their necessary consumption.
(d) Their luxuries.

3. How does Veblen explain the change of fashion from year to year?
(a) It is a form of cultural restlessness.
(b) It is a shallow form of bourgeois emulation of different aristocratic idols.
(c) It is a constantly renewed way to police who is current and who is classic.
(d) It is a form of conspicuous waste.

4. Why do people spend more than they need for physical comfort?
(a) They want to impress their superiors.
(b) They cannot keep excess wealth.
(c) They need to stimulate their local economy.
(d) They conform to a code of decency.

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

Short Answer Questions

1. What does Veblen say is the motive for ownership?

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

3. What form does Veblen say the pressure to change takes?

4. What are signs of vicarious consumption?

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

(see the answer key)

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