The Affluent Society by John Kenneth Galbraith

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

A) The agricultural sector.
B) The public sector.
C) The manufacturing sector.
D) The service 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) Foreign investments.
B) Luxury markets.
C) Public goods and services.
D) Real estate.

4. What role does Galbraith assign to economic planners?

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

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

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

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

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

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

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

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

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

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