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

4. What role does Galbraith assign to economic planners?

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

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

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

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

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

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

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