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 service sector.
C) The manufacturing sector.
D) The public sector.

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

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

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

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

4. What role does Galbraith assign to economic planners?

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

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

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

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

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

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

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

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

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

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