Visibly Buying Products and Services That One Never Uses Is

question 75

Multiple Choice

Visibly buying products and services that one never uses is called _____.

• A) parody display
• B) conspicuous waste
• C) power acquisition
• D) utilitarian consumption
• E) involuntary consumption

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Definitions:

Trade Barriers

Measures such as tariffs, quotas, and regulations established by countries to control the import and export of goods and services, influencing international trade dynamics.

Industrialization

The transformation process in which an economy shifts from largely focusing on agriculture to mainly concentrating on the manufacturing of products.

Suburban Tract Development

The process of dividing an area of land, often in the outskirts of a city, into lots for the construction of a large number of similar homes or residential units.

Levittown

One of the first mass-produced suburban housing developments in the U.S., symbolizing post-WWII suburban growth.