The Concept of the Potlatch, the Extravagant Feast and Display

question 118

Multiple Choice

The concept of the potlatch, the extravagant feast and display and often even the destruction of wealth or possessions (to show that one can afford to) characteristic of the Kwakiutl Indians of the Pacific Northwest, is analogous to the modern concept of:

• A) conspicuous consumption.
• B) social class.
• C) the idle rich.
• D) reciprocal demand theory.

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Definitions:

Direction

In statistics, it often refers to the nature of the relationship between variables, indicating whether they move together in a positive or negative correlation.

Pearson Correlation

A measure of the linear correlation between two variables, giving a value between -1 and 1.

Linearity

The attribute of a relationship between two variables where the change in the outcome is directly proportional to the change in the predictor.

Predictability

The extent to which future states or conditions of a system can be forecasted based on existing data or patterns.