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

4. 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.

5. 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.

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

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

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

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

8. What role does Galbraith assign to economic planners?

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

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