The Affluent Society by John Kenneth Galbraith

1. In 'The Affluent Society', Galbraith discusses the role of which sector?

A) The manufacturing sector.
B) The public sector.
C) The service sector.
D) The agricultural sector.

2. According to Galbraith, what is the 'technostructure'?

A) The technology used in production.
B) The organizations that influence economic decisions.
C) The government representation in business.
D) The workforce of an economy.

3. What does Galbraith suggest is neglected in affluent societies?

A) Real estate.
B) Public goods and services.
C) Foreign investments.
D) Luxury markets.

4. In the context of Galbraith's work, what does 'symbolic consumption' refer to?

A) Making informed consumer choices.
B) Purchasing only necessary items.
C) Buying goods for status rather than utility.
D) Investing in sustainable products.

5. How does Galbraith view the relationship between affluence and moral values?

A) Wealth equates to virtue.
B) Affluence can lead to moral indifference.
C) Affluence improves societal morality.
D) Morality is unaffected by wealth.

6. How does Galbraith believe that wealth should be redistributed?

A) By encouraging consumer spending.
B) By relying on voluntary charity.
C) By enforcing economic competition.
D) Through social policies and taxation.

7. According to Galbraith, what is the danger of excessive consumerism?

A) It leads to environmental degradation.
B) It ensures wealth distribution.
C) It promotes social harmony.
D) It enhances economic growth.

8. What role does Galbraith assign to economic planners?

A) To reduce consumer choices.
B) To guide proper investment in public welfare.
C) To minimize government intervention.
D) To maximize corporate profits.

Created with That Quiz — where test making and test taking are made easy for math and other subject areas.