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This quiz consists of 5 multiple choice and 5 short answer questions through Pecuniary Emulation.

Multiple Choice Questions

1. What does Veblen say was the earliest form of ownership?
(a) Ownership of women.
(b) Ownership of songs.
(c) Ownership of land.
(d) Ownership of hunting rights.

2. How does Veblen say members of a society are ranked and judged?
(a) In terms of their wealth.
(b) In terms of their noble lineage.
(c) In terms of their morals.
(d) In terms of their power.

3. What does Veblen say results from the possession and consumption of goods?
(a) Widespread physical comforts.
(b) Women demand greater rights.
(c) Competitive sports replace warfare.
(d) Debt produces a new class of slave.

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

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

Short Answer Questions

1. What incentive does Veblen say results from the desire to own property?

2. What does Veblen say possessions indicate in an ownership society?

3. What happens when men come into wealth through peaceful means?

4. Which employments were associated with a lower status?

5. What did men use to display their exploits during the earliest forms of ownership?

(see the answer key)

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