The Affluent Society by John Kenneth Galbraith

The Affluent Society by John Kenneth Galbraith - Test

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

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

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

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

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

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

4. What role does Galbraith assign to economic planners?

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

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

A) By enforcing economic competition.
B) By relying on voluntary charity.
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) Buying goods for status rather than utility.
B) Purchasing only necessary items.
C) Investing in sustainable products.
D) Making informed consumer choices.

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

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

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

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

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