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The Affluent Society by John Kenneth Galbraith
Contributed by: Barry
  • 1. In 'The Affluent Society', Galbraith discusses the role of which sector?
A) The public sector.
B) The service sector.
C) The manufacturing sector.
D) The agricultural sector.
  • 2. According to Galbraith, what is the 'technostructure'?
A) The organizations that influence economic decisions.
B) The technology used in production.
C) The workforce of an economy.
D) The government representation in business.
  • 3. What does Galbraith suggest is neglected in affluent societies?
A) Luxury markets.
B) Public goods and services.
C) Real estate.
D) Foreign investments.
  • 4. In the context of Galbraith's work, what does 'symbolic consumption' refer to?
A) Making informed consumer choices.
B) Buying goods for status rather than utility.
C) Purchasing only necessary items.
D) Investing in sustainable products.
  • 5. How does Galbraith view the relationship between affluence and moral values?
A) Affluence improves societal morality.
B) Morality is unaffected by wealth.
C) Wealth equates to virtue.
D) Affluence can lead to moral indifference.
  • 6. How does Galbraith believe that wealth should be redistributed?
A) By enforcing economic competition.
B) By encouraging consumer spending.
C) Through social policies and taxation.
D) By relying on voluntary charity.
  • 7. According to Galbraith, what is the danger of excessive consumerism?
A) It promotes social harmony.
B) It ensures wealth distribution.
C) It enhances economic growth.
D) It leads to environmental degradation.
  • 8. What role does Galbraith assign to economic planners?
A) To minimize government intervention.
B) To reduce consumer choices.
C) To guide proper investment in public welfare.
D) To maximize corporate profits.
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