How Did 1950s Consumerism Differ from Previous Eras

question 79

Multiple Choice

How did 1950s consumerism differ from previous eras?

• A) Advertising techniques started to focus on women only.
• B) It demonstrated it was not better than communism.
• C) Mass consumption was characterized as anti-patriotic.
• D) Americans started using cash instead of their credit cards to purchase consumer goods.
• E) Americans became comfortable living in debt while using credit to buy consumer goods.

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Definitions:

Flat-Panel TVs

A type of television featuring a lightweight, thin display technology that occupies less space than traditional CRT TVs.

Consumer Goods

Products and services that are purchased or consumed by individuals for personal or household use.

Capital Goods

Long-lasting goods that are used to produce other goods or services and are not sold directly to consumers.

Law of Increasing Opportunity Costs

states that as production of one good increases, the opportunity cost of producing an additional unit of this good also increases, due to factors of production not being perfectly interchangeable.