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This quiz consists of 5 multiple choice and 5 short answer questions through The Pecuniary Standard of Living.

Multiple Choice Questions

1. What does Veblen say possessions indicate in an ownership society?
(a) The virtue of the possessor.
(b) The fame of the possessor.
(c) The nobility of the possessor.
(d) The power of the possessor.

2. What does consumption yield to the individual?
(a) Reputation.
(b) Wealth.
(c) Utility.
(d) Status.

3. What incentive does Veblen say results from the desire to own property?
(a) The incentive to marry.
(b) The incentive to fight over property.
(c) The incentive to work.
(d) The incentive to have children.

4. What standard does Veblen say guides people's behavior?
(a) The standard of the highest ranking relative in their ancestry.
(b) The standard of the class just beyond their reach.
(c) The standard of the class they were born into.
(d) The standard of the people surrounding them.

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

Short Answer Questions

1. How does Veblen say the laboring classes in an agricultural society see work?

2. How does Veblen classify industrial labor in industrial societies?

3. How does the upper class distinguish itself, according to Veblen?

4. Which aspect of culture was a condition for the development of a leisure class?

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

(see the answer key)

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