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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?
(a) Life energy.
(b) Whatever they choose.
(c) Keeping up with the neighbors.
(d) Managing money.

2. What two addictions are compared in Chapter 3?
(a) Overeating and overspending.
(b) Overspending and gambling.
(c) Gambling and shopping.
(d) Alcoholism and smoking.

3. What items are included in everything owned?
(a) Add together everything owned, then subtract everything owed.
(b) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(c) All items in the garage and basement.
(d) All items purchased during a lifetime.

4. What do advertisements teach Americans?
(a) Work, work, and work some more.
(b) Relax, relax, and relax some more.
(c) Buy low, sell high.
(d) Consume, consume, and comsume some more.

5. What must people do in order to make Step 3 work?
(a) Be as truthful as possible.
(b) Work more hours.
(c) Work fewer hours.
(d) Reduce spending.

Short Answer Questions

1. What is the second half of Step 2?

2. What do the authors suggest that people divide their spending into?

3. Which perspective is feeling connected to a certain social class part of?

4. Under which category does money paid to employ servants and service workers fall?

5. What might cause readers to feel guilty, after completing Step 1?

(see the answer key)

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