The Affluent Society by John Kenneth Galbraith

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

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

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

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

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

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

4. 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.

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

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

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

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

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

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