Which Explanation of Conspicuous Consumption Fits with Terror Management Theory

question 7

Multiple Choice

Which explanation of conspicuous consumption fits with terror management theory? ​

• A)Acquisition of material things helps humans feel their existence extends beyond death.
• B)Purchasing things lowers arousal and reduces terror. ​
• C)Purchasing things increases arousal and helps one combat terror. ​
• D)Acquisition of material things help a person establish their social identity. ​

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Definitions:

Deadweight Loss

The loss of economic efficiency that can occur when equilibrium for a good or service is not achieved.

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and to raise government revenue.

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods and services.

World Price

The international market price of a good or service, influenced by factors like supply and demand, tariffs, and trade agreements.