The Affluent Society by John Kenneth Galbraith

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

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

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

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

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

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

4. What role does Galbraith assign to economic planners?

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

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

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

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

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

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

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

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

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

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