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

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

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

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

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

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

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

A) Making informed consumer choices.
B) Purchasing only necessary items.
C) Investing in sustainable products.
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 leads to environmental degradation.
C) It enhances economic growth.
D) It promotes social harmony.

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

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

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