According to Veblen, in What Circumstances Can Personal Savings Serve

question 21

Multiple Choice

According to Veblen, in what circumstances can personal savings serve the same reputation-enhancing function as conspicuous consumption?

• A) In no circumstances
• B) In every circumstance
• C) In small rural communities where people gossip
• D) In societies where slavery is a common practice
• E) Among transient workers in urban communities

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Definitions:

Contest

A competitive event where participants strive to win by meeting or surpassing certain criteria.

Disadvantages

The negative aspects or drawbacks associated with a decision, action, strategy, or product.

Advantages

Benefits or favorable aspects that contribute to achieving goals or provide a competitive edge.

Television

A device that receives broadcast signals and converts them into images and sound.